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

Shares of Gold Reserve Inc. (OTCMKTS:GDRZF) gapped up before the market opened on Monday . The stock had previously closed at $4.74, but opened at $5.10. Gold Reserve shares last traded at $4.63, with a volume of 2,627 shares changing hands.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald began 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 MarketBeat.com, Gold Reserve presently has a consensus rating of “Buy”.

Gold Reserve Stock Down 10.4%

The stock’s 50-day simple moving average is $4.29 and its 200 day simple moving average is $3.05. The company has a market cap of $672.13 million and a price-to-earnings ratio of -15.17.

Gold Reserve (OTCMKTS:GDRZF) last posted its earnings results on Thursday, March 19th. The company reported ($0.10) 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.