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

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.69, but opened at $4.46. Gold Reserve shares last traded at $4.50, with a volume of 24,030 shares traded.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a research report 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, Gold Reserve presently has a consensus rating of “Buy”.

Gold Reserve Trading Down 0.4%

The firm’s fifty day moving average is $4.64 and its 200-day moving average is $4.37.

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