Gold Reserve (OTCMKTS:GDRZF) Stock Passes Below Fifty Day Moving Average – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.70 and traded as low as $4.64. Gold Reserve shares last traded at $4.75, with a volume of 15,889 shares traded.

Wall Street Analyst Weigh In

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

Gold Reserve Trading Up 0.8%

The firm has a fifty day moving average of $4.70 and a two-hundred day moving average of $4.27.

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