Gold Reserve (OTCMKTS:GDRZF) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Gold Reserve Inc. (OTCMKTS:GDRZF) shares 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 changing hands.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Gold Reserve Price Performance

The stock has a market capitalization of $692.81 million and a PE ratio of -15.63. The stock’s 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $4.15.

Gold Reserve (OTCMKTS:GDRZF) last issued its quarterly earnings results 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.