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

Gold Reserve Inc. (OTCMKTS:GDRZF) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.21. Gold Reserve shares last traded at $4.3495, with a volume of 1,100 shares traded.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Gold Reserve Trading Up 4.3%

The stock has a 50 day moving average of $4.60 and a 200-day moving average of $3.85. The stock has a market capitalization of $673.01 million and a P/E ratio of -15.19.

Gold Reserve (OTCMKTS:GDRZF) last announced its quarterly earnings data 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.