Gold Reserve (OTCMKTS:GDRZF) Stock Crosses Below 50 Day Moving Average – What’s Next?

Gold Reserve Inc. (OTCMKTS:GDRZF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.72 and traded as low as $4.60. Gold Reserve shares last traded at $4.69, with a volume of 23,632 shares traded.

Wall Street Analyst Weigh In

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

Gold Reserve Price Performance

The company has a market cap of $672.13 million and a P/E ratio of -15.17. The firm has a 50 day moving average of $4.72 and a 200-day moving average of $4.17.

Gold Reserve (OTCMKTS:GDRZF) last released its quarterly earnings data 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.