Gold Reserve (OTCMKTS:GDRZF) Stock Price Down 5.5% – Should You Sell?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price fell 5.5% during trading on Wednesday . The company traded as low as $4.64 and last traded at $4.64. 429 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 173,026 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald began coverage on Gold Reserve in a research note 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 data from MarketBeat, the stock presently has an average rating of “Buy”.

Gold Reserve Stock Down 1.9%

The stock has a 50 day simple moving average of $4.54 and a 200 day simple moving average of $3.71. The company has a market capitalization of $686.90 million and a price-to-earnings ratio of -15.50.

Gold Reserve (OTCMKTS:GDRZF) last issued its earnings results on Tuesday, May 12th. The company reported ($0.08) 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.