What’s Gold Reserve Inc Downside After Today’s Huge Decline?


The stock of Gold Reserve Inc (CVE:GRZ) is a huge mover today! The stock decreased 6.67% or $0.4 on September 13, hitting $5.6. About 32,039 shares traded hands. Gold Reserve Inc (CVE:GRZ) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $525.07M company. It was reported on Sep, 13 by Barchart.com. We have $5.32 PT which if reached, will make CVE:GRZ worth $26.25 million less.

Gold Reserve Inc. is an exploration-stage company. The company has a market cap of $525.07 million. The Firm is engaged in the business of acquiring, exploring and developing mining projects. It currently has negative earnings. It operates in the exploration and development of mineral properties segment.

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