Gold Reserve (OTCMKTS:GDRZF) Trading Up 7.5% – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF)’s share price rose 7.5% during mid-day trading on Friday . The company traded as high as $4.86 and last traded at $4.86. Approximately 25,363 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 202,268 shares. The stock had previously closed at $4.52.

Analyst Ratings Changes

Separately, Cantor Fitzgerald began coverage on shares of Gold Reserve in a research report on Tuesday, May 5th. They set a “speculative buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Gold Reserve presently has a consensus rating of “Buy”.

Gold Reserve Stock Performance

The stock has a 50 day moving average of $4.38 and a 200-day moving average of $3.17. The company has a market cap of $722.37 million and a PE ratio of -16.30.

Gold Reserve (OTCMKTS:GDRZF) last posted 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.