Gold Reserve (OTCMKTS:GDRZF) Stock Price Down 4.9% – Here’s Why

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price fell 4.9% during mid-day trading on Wednesday . The stock traded as low as $4.61 and last traded at $4.61. 1,449 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 198,217 shares. The stock had previously closed at $4.85.

Analyst Ratings Changes

Separately, Cantor Fitzgerald began coverage on shares of Gold Reserve in a report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Gold Reserve Stock Performance

The business’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $3.24. The firm has a market capitalization of $731.21 million and a PE ratio of -16.50.

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