Gold Reserve (OTCMKTS:GDRZF) Announces Quarterly Earnings Results

Gold Reserve (OTCMKTS:GDRZF) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.

Gold Reserve Stock Performance

OTCMKTS:GDRZF remained flat at $4.59 during mid-day trading on Thursday. The company’s stock had a trading volume of 6,834 shares, compared to its average volume of 152,272. Gold Reserve has a 1 year low of $1.15 and a 1 year high of $5.60. The company has a fifty day moving average price of $4.64 and a two-hundred day moving average price of $4.37. The stock has a market capitalization of $678.03 million and a price-to-earnings ratio of -15.30.

Analyst Ratings Changes

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