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

Shares of Gold Reserve Inc. (OTCMKTS:GDRZF) gapped down prior to trading on Tuesday . The stock had previously closed at $5.08, but opened at $4.39. Gold Reserve shares last traded at $4.75, with a volume of 704 shares.

Analyst Upgrades and Downgrades

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

Gold Reserve Trading Down 9.0%

The stock has a market cap of $672.13 million and a P/E ratio of -15.17. The company’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $3.10.

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