Gold Reserve (OTCMKTS:GDRZF) Shares Gap Up – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.74, but opened at $5.10. Gold Reserve shares last traded at $4.63, with a volume of 2,627 shares trading hands.

Analyst Upgrades and Downgrades

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

Gold Reserve Stock Down 7.6%

The stock has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $3.12.

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

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.