Gold Reserve (OTCMKTS:GDRZF) Stock Price Down 8% – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF) traded down 8% on Wednesday . The stock traded as low as $4.25 and last traded at $4.25. 31,445 shares changed hands during trading, a decline of 85% from the average session volume of 205,450 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

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

Gold Reserve Trading Up 7.3%

The stock has a market capitalization of $716.44 million and a PE ratio of -16.17. The business’s 50 day moving average is $4.38 and its 200 day moving average is $3.17.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) earnings per share 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.