Gold Reserve (OTCMKTS:GDRZF) Releases Quarterly Earnings Results

Gold Reserve (OTCMKTS:GDRZF) posted its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, Zacks reports.

Gold Reserve Stock Performance

OTCMKTS:GDRZF traded down $0.08 during trading hours on Thursday, reaching $4.41. The company’s stock had a trading volume of 9,669 shares, compared to its average volume of 203,859. The company has a market capitalization of $651.45 million and a P/E ratio of -14.70. Gold Reserve has a 12 month low of $1.15 and a 12 month high of $5.60. The stock has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $3.14.

Wall Street Analysts Forecast Growth

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

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.