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

Gold Reserve Inc. (OTCMKTS:GDRZF) gapped down prior to trading on Tuesday . The stock had previously closed at $4.91, but opened at $4.70. Gold Reserve shares last traded at $4.5535, with a volume of 714 shares trading hands.

Analysts Set New Price Targets

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

Gold Reserve Stock Performance

The firm has a market capitalization of $672.86 million and a PE ratio of -15.18. The company’s 50 day simple moving average is $4.53 and its 200-day simple moving average is $3.69.

Gold Reserve (OTCMKTS:GDRZF) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.08) EPS 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.