The stock of Gold Reserve Inc (CVE:GRZ) is a huge mover today! About 4,800 shares traded hands. Gold Reserve Inc (CVE:GRZ) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
The move comes after 7 months negative chart setup for the $490.07M company. It was reported on Nov, 22 by Barchart.com. We have $5.17 PT which if reached, will make CVE:GRZ worth $29.40 million less.
More notable recent Gold Reserve Inc (CVE:GRZ) news were published by: Seekingalpha.com which released: “Gold Reserve, Inc.: A High-Risk/High-Reward Opportunity” on November 21, 2016, also Bloomberg.com with their article: “Gold Reserve Shares Surge on $770 Million Venezuelan Settlement” published on August 08, 2016, Seekingalpha.com published: “Should You Risk Buying Gold Reserve Inc. In Light Of Venezuela’s $1 Billion …” on October 10, 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 Business.Financialpost.com‘s news article titled: “Gold Reserve deal with Venezuela a potential turning point for Canadian miners …” with publication date: March 01, 2016.
Gold Reserve Inc. is an exploration-stage company. The company has a market cap of $490.07 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.
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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