Gold Reserve (OTCMKTS:GDRZF – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, Zacks reports.
Gold Reserve Trading Down 7.6%
OTCMKTS GDRZF opened at $4.62 on Wednesday. The company’s 50 day simple moving average is $4.35 and its 200 day simple moving average is $3.12. Gold Reserve has a 12 month low of $1.15 and a 12 month high of $5.60.
Analyst Upgrades and Downgrades
Separately, Cantor Fitzgerald began coverage on Gold Reserve in a research report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.
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.
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