Gold Reserve (OTCMKTS:GDRZF) Shares Gap Up – Time to Buy?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.37, but opened at $4.57. Gold Reserve shares last traded at $4.50, with a volume of 6,883 shares traded.

Wall Street Analyst Weigh In

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

Gold Reserve Stock Down 1.5%

The company’s 50-day simple moving average is $4.60 and its 200 day simple moving average is $3.87. The company has a market capitalization of $660.31 million and a P/E ratio of -14.90.

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

Gold Reserve Company Profile

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.