Gold Reserve (OTCMKTS:GDRZF) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $4.49 and traded as low as $4.25. Gold Reserve shares last traded at $4.26, with a volume of 12,884 shares traded.

Gold Reserve Stock Performance

The firm’s 50 day simple moving average is $4.89 and its 200 day simple moving average is $4.49. The firm has a market capitalization of $629.29 million and a price-to-earnings ratio of -14.69.

Gold Reserve (OTCMKTS:GDRZF) last released its quarterly earnings data 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 focused primarily on gold assets in Venezuela. The company’s principal project is the Brisas and Las Cristinas gold district in the state of Bolívar, an area known for its substantial mineral resources. Gold Reserve is not currently described as a broad-based producer; its activities center on advancing and protecting its interests in large-scale mining projects.

The Brisas project historically served as the company’s flagship development asset.