Gold Reserve (OTCMKTS:GDRZF) Shares Gap Up – Should You Buy?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.59, but opened at $4.73. Gold Reserve shares last traded at $4.7040, with a volume of 897 shares changing hands.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald assumed coverage on Gold Reserve in a 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, the company presently has a consensus rating of “Buy”.

Gold Reserve Price Performance

The business has a 50 day simple moving average of $4.63 and a 200 day simple moving average of $4.38. The stock has a market cap of $695.76 million and a PE ratio of -16.24.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.03) 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.