Gold Reserve (OTCMKTS:GDRZF) Shares Down 4.9% – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price dropped 4.9% on Wednesday . The stock traded as low as $4.61 and last traded at $4.61. Approximately 1,449 shares were traded during trading, a decline of 99% from the average daily volume of 198,217 shares. The stock had previously closed at $4.85.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a research note on Tuesday, May 5th. They issued a “speculative buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gold Reserve currently has a consensus rating of “Buy”.

Gold Reserve Trading Down 4.1%

The firm’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $3.29. The stock has a market cap of $686.90 million and a PE ratio of -15.50.

Gold Reserve (OTCMKTS:GDRZF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) 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.