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

 What's in Gold Reserve Inc After Today's Huge Decline?

The stock of Gold Reserve Inc (CVE:GRZ) is a huge mover today! The stock last traded at $5.98 per share. It is down 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 9 months negative chart setup for the $523.32 million company. It was reported on Nov, 8 by Barchart.com. We have $5.68 PT which if reached, will make CVE:GRZ worth $26.17 million less.

More notable recent Gold Reserve Inc (CVE:GRZ) news were published by: Bloomberg.com which released: “Gold Reserve Shares Surge on $770 Million Venezuelan Settlement” on August 08, 2016, also Seekingalpha.com with their article: “Should You Risk Buying Gold Reserve Inc. In Light Of Venezuela’s $1 Billion …” published on October 10, 2016, Businesswire.com published: “Gold Reserve Inc. Announces Proposed Private Placement” on March 09, 2016. More interesting news about Gold Reserve Inc (CVE:GRZ) were released by: Bloomberg.com and their article: “Venezuela Says Gold Reserve Accord Paves Way to Investment” published on February 25, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Gold Reserve Inc extends MOU with Bolivarian republic of Venezuela t…” with publication date: June 23, 2016.

Gold Reserve Inc. is an exploration-stage company. The company has a market cap of $523.32 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.

GRZ.V Company Profile

Gold Reserve Inc. (Gold Reserve), incorporated in 1998, is an exploration-stage company. The Firm is engaged in the business of acquiring, exploring and developing mining projects. During the year ended December 31, 2010, the Company disposed of its 45% interest in Great Basin Energies, Inc. (Great Basin) and 44% interest in MGC Ventures Inc. (MGC Ventures).

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