Gold Reserve (OTCMKTS:GDRZF) Trading Down 5.8% – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF) shares were down 5.8% during trading on Wednesday . The company traded as low as $4.56 and last traded at $4.56. 5,812 shares changed hands during trading, a decline of 97% from the average daily volume of 167,661 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

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

Gold Reserve Trading Down 0.6%

The firm has a market capitalization of $710.53 million and a P/E ratio of -16.59. The stock’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.49.

Gold Reserve (OTCMKTS:GDRZF) last announced 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 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.