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

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $4.84, but opened at $4.56. Gold Reserve shares last traded at $4.90, with a volume of 26,738 shares trading hands.

Gold Reserve Trading Down 2.0%

The stock has a market cap of $717.92 million and a price-to-earnings ratio of -16.76. The company has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.59.

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

Gold Reserve Company Profile

Gold Reserve Inc is a Canadian-based precious metals development company focused primarily on advancing gold and copper projects in Venezuela. Its principal asset is an interest in the Siembra Minera joint venture, which holds rights related to the Brisas-Cristinas mining project in Bolívar State, an area known for significant gold resources.

The Brisas-Cristinas project combines the company’s former Brisas property with the adjacent Las Cristinas deposit. Gold Reserve has historically pursued the development of these deposits through exploration, project planning and negotiations with Venezuelan authorities.