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

Gold Reserve Inc. (OTCMKTS:GDRZF) saw unusually-high trading volume on Friday. Approximately 1,160,490 shares traded hands during trading, an increase of 658% from the previous session’s volume of 153,187 shares. The stock last traded at $5.17 and had previously closed at $5.0850.

Gold Reserve Stock Up 0.7%

The business has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $4.65. The company has a market cap of $756.33 million and a P/E ratio of -17.65.

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

Gold Reserve Company Profile

Gold Reserve Inc is a development-stage mining company focused on the acquisition, exploration and advancement of gold and copper properties. The company is not primarily a producing miner; its activities center on evaluating and developing large-scale mineral projects.

Gold Reserve’s principal asset is the Siembra Minera project in Venezuela’s Bolívar State. The project encompasses the historic Brisas and Las Cristinas gold deposits and is being advanced through a joint venture structure involving Gold Reserve and the Venezuelan state.