Gold Reserve (OTCMKTS:GDRZF) Shares Cross Above Fifty Day Moving Average – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.62 and traded as high as $4.8702. Gold Reserve shares last traded at $4.78, with a volume of 72,001 shares.

Analyst Upgrades and Downgrades

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

Gold Reserve Stock Performance

The firm’s fifty day simple moving average is $4.62 and its 200 day simple moving average is $4.46. The stock has a market capitalization of $710.53 million and a price-to-earnings ratio of -16.59.

Gold Reserve (OTCMKTS:GDRZF) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.03) earnings per share (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.