Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF) gapped down before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.50. Gold Reserve shares last traded at $4.64, with a volume of 310 shares.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald assumed coverage on shares of Gold Reserve in a research note on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Gold Reserve presently has an average rating of “Buy”.

Gold Reserve Price Performance

The firm has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.00. The stock has a market capitalization of $683.94 million and a price-to-earnings ratio of -15.43.

Gold Reserve (OTCMKTS:GDRZF) last announced 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.