Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.7375. Gold Reserve shares last traded at $4.7375, with a volume of 250 shares.

Analyst Ratings Changes

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

Gold Reserve Stock Performance

The company has a market cap of $716.44 million and a price-to-earnings ratio of -16.17. The firm’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $3.26.

Gold Reserve (OTCMKTS:GDRZF) last issued its earnings results on Tuesday, May 12th. The company reported ($0.08) EPS for the quarter.

Gold Reserve Company Profile

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.