Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 120,600 shares, a growth of 12.7% from the September 30th total of 107,000 shares. Based on an average trading volume of 261,600 shares, the days-to-cover ratio is currently 0.5 days.
Gold Reserve Stock Down 4.3 %
OTCMKTS:GDRZF traded down $0.10 during mid-day trading on Thursday, hitting $2.25. 11,322 shares of the stock traded hands, compared to its average volume of 105,277. The stock has a market capitalization of $223.49 million, a price-to-earnings ratio of -9.76 and a beta of 0.70. Gold Reserve has a 52 week low of $1.31 and a 52 week high of $4.92. The firm’s 50 day moving average is $3.04 and its two-hundred day moving average is $3.51.
Gold Reserve (OTCMKTS:GDRZF – Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($0.04) earnings per share for the quarter.
Gold Reserve Company Profile
Gold Reserve Inc, an exploration stage company, engages in evaluating, acquiring, exploring, and developing mineral properties. It also holds interests in LMS Gold project located in Alaska, the United States. The company was founded in 1956 and is based in Spokane, Washington.
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