Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 67,600 shares, a decrease of 6.6% from the October 15th total of 72,400 shares. Based on an average daily volume of 315,900 shares, the days-to-cover ratio is presently 0.2 days.
Gold Reserve Trading Down 5.6 %
Shares of OTCMKTS GDRZF opened at $2.18 on Friday. The stock has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.22. The company has a market cap of $217.02 million, a PE ratio of -31.14 and a beta of 0.75. Gold Reserve has a 12-month low of $0.91 and a 12-month high of $3.23.
About Gold Reserve
Gold Reserve Inc, an exploration stage company, engages in evaluating, acquiring, exploring, and developing mining projects. It primarily focuses on the Siembra Minera project that holds gold, copper, silver, and other strategic mineral rights comprising an area of approximately 18,950 hectares located in Bolivar, Venezuela.
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