Gold Reserve (OTCMKTS:GDRZF) Trading Down 8% – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price traded down 8% on Wednesday . The company traded as low as $4.25 and last traded at $4.25. 31,445 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 205,450 shares. The stock had previously closed at $4.62.

Wall Street Analyst Weigh In

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

Gold Reserve Stock Down 2.8%

The stock’s 50-day moving average price is $4.35 and its 200 day moving average price is $3.12. The company has a market cap of $663.26 million and a P/E ratio of -14.97.

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