Gold Reserve (OTCMKTS:GDRZF) Shares Pass Above 50-Day Moving Average – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.67 and traded as high as $4.69. Gold Reserve shares last traded at $4.69, with a volume of 36,092 shares changing hands.

Wall Street Analysts Forecast Growth

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

Gold Reserve Stock Up 2.4%

The stock has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $4.35.

Gold Reserve (OTCMKTS:GDRZF) last announced its quarterly 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.