Gold Reserve (OTCMKTS:GDRZF) Sees Large Volume Increase – Still a Buy?

Shares of Gold Reserve Inc. (OTCMKTS:GDRZF) saw strong trading volume on Thursday . 394,312 shares changed hands during trading, an increase of 135% from the previous session’s volume of 167,729 shares.The stock last traded at $4.76 and had previously closed at $4.78.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a 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, According to data from MarketBeat.com, Gold Reserve has an average rating of “Buy”.

Gold Reserve Price Performance

The firm has a 50-day moving average price of $4.62 and a 200 day moving average price of $4.46.

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