Gold Reserve (OTCMKTS:GDRZF) Shares Gap Down – Time to Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.50. Gold Reserve shares last traded at $4.64, with a volume of 310 shares.

Wall Street Analyst Weigh In

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

Gold Reserve Price Performance

The firm has a market capitalization of $683.94 million and a price-to-earnings ratio of -15.43. The business has a 50 day moving average of $4.65 and a 200 day moving average of $4.00.

Gold Reserve (OTCMKTS:GDRZF) last announced its quarterly earnings results 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.