Gold Reserve (OTCMKTS:GDRZF) Sees Large Volume Increase – Time to Buy?

Gold Reserve Inc. (OTCMKTS:GDRZF) saw strong trading volume on Friday . Approximately 364,774 shares changed hands during mid-day trading, an increase of 142% from the previous session’s volume of 150,534 shares.The stock last traded at $4.58 and had previously closed at $4.59.

Analyst Ratings Changes

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

Gold Reserve Stock Performance

The business’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.33. The stock has a market capitalization of $676.56 million and a P/E ratio of -15.27.

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