Gold Reserve (OTCMKTS:GDRZF) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.67 and traded as high as $4.69. Gold Reserve shares last traded at $4.69, with a volume of 36,092 shares.

Analyst Ratings Changes

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Gold Reserve Stock Up 2.4%

The company has a 50 day moving average of $4.67 and a 200-day moving average of $4.35.

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