Gold Reserve (OTCMKTS:GDRZF) Sees Strong Trading Volume – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF) shares saw strong trading volume on Friday . Approximately 364,774 shares traded hands during trading, an increase of 142% from the previous session’s volume of 150,534 shares.The stock last traded at $4.58 and had previously closed at $4.59.

Analyst Upgrades and Downgrades

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

Gold Reserve Stock Down 1.1%

The stock has a market cap of $670.65 million and a PE ratio of -15.13. The business has a 50 day moving average price of $4.67 and a 200 day moving average price of $4.33.

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.