Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.21. Gold Reserve shares last traded at $4.3495, with a volume of 1,100 shares traded.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Gold Reserve Stock Performance

The firm has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $3.87.

Gold Reserve (OTCMKTS:GDRZF) last issued its quarterly earnings data 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.