Gold Reserve (OTCMKTS:GDRZF) Posts Quarterly Earnings Results

Gold Reserve (OTCMKTS:GDRZF) issued its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, Zacks reports.

Gold Reserve Price Performance

Shares of OTCMKTS GDRZF traded down $0.38 during midday trading on Tuesday, reaching $4.62. 65,677 shares of the stock traded hands, compared to its average volume of 207,478. The stock has a market capitalization of $682.47 million and a PE ratio of -15.40. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The company’s 50 day moving average is $4.34 and its 200 day moving average is $3.10.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a research note on Tuesday, May 5th. They issued a “speculative buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Gold Reserve

Gold Reserve Inc is a mineral exploration and development company incorporated in Nevada with executive offices in Vancouver, British Columbia, and Littleton, Colorado. The company focuses on the acquisition, exploration and development of precious and base metal deposits, primarily in South America. Gold Reserve’s corporate strategy centers on advancing its flagship mining interests toward production while managing the legal and regulatory framework surrounding its assets.

The company’s main asset is the Brisas Project, a former gold‐copper porphyry deposit located in Bolívar State, Venezuela.