Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.91, but opened at $4.70. Gold Reserve shares last traded at $4.5535, with a volume of 714 shares trading hands.

Analyst Ratings Changes

Separately, Cantor Fitzgerald assumed coverage on shares of Gold Reserve in a research report on Tuesday, May 5th. They set a “speculative buy” rating on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Gold Reserve presently has an average rating of “Buy”.

Gold Reserve Stock Up 0.8%

The company’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $3.74.

Gold Reserve (OTCMKTS:GDRZF) last released its earnings results 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.