Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report) saw unusually-strong trading volume on Thursday. 917,570 shares traded hands during trading, an increase of 471% from the previous session’s volume of 160,648 shares. The stock last traded at $5.09 and had previously closed at $5.07.
Gold Reserve Trading Down 5.1%
The stock has a market cap of $710.53 million and a price-to-earnings ratio of -16.59. The firm’s 50 day moving average is $4.90 and its two-hundred day moving average is $4.68.
Gold Reserve (OTCMKTS:GDRZF – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter.
About Gold Reserve
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.
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