Gold Reserve (OTCMKTS:GDRZF) Shares Gap Up – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.59, but opened at $4.73. Gold Reserve shares last traded at $4.7040, with a volume of 897 shares traded.

Analyst Ratings Changes

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

Gold Reserve Trading Up 0.2%

The company’s 50-day moving average price is $4.63 and its two-hundred day moving average price is $4.38. The company has a market cap of $695.76 million and a P/E ratio of -16.24.

Gold Reserve (OTCMKTS:GDRZF) last released its earnings results on Thursday, August 13th. The company reported ($0.03) 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.