GDRZF

Gold Reserve Ltd.

Price Chart

Latest Quote

$4.52

-0.10 (-2.16%)

Current Price

Previous Close	$4.62
Open	$4.43
Day High	$4.48
Day Low	$4.43
Volume	400

Fetched: 2026-06-23T13:43:26

Stock Information

Shares Outstanding	147.87M
Total Debt	$157K
Cash Equivalents	$139.62M
Revenue	$483K
Net Income	$-36.27M
Sector	Basic Materials
Industry	Gold
Market Cap	$668.37M
EPS (TTM)	$-0.29
Exchange	OQX

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📊 Comprehensive Analysis

Company Data

Enterprise Value	$515.59M
Sales	$483K
Income	$-36.27M
Book/sh	$0.84
Cash/sh	$0.94
Employees	3

Financial Ratios

Quick Ratio	8.12
Current Ratio	8.17
Debt/Eq	0.13

Returns & Margins

ROA	-9.27%
ROE	-40.16%
Gross Margin	100.00%
Operating Margin	-612.94%

Ownership

Insider Ownership	0.01%
Institutional Ownership	42.57%
Insider & Institutional transactions data not available

Valuation Ratios

Forward P/E	-15.07
P/S	1384.59
P/B	5.39

Analyst Data

Recommendation

none

Technical Indicators

SMA20	$4.78
SMA50	$4.56
SMA200	$3.14
RSI	25.00
ATR	0.2238

Shares Float	88.60M
Short Float	2.90%
Short Ratio	5.06
Volatility	0.46
Rel Volume	1.43

Performance History

Week	-7.00%
Month	-9.42%
Quarter	+0.44%
6 Months	+171.96%
YTD	+169.05%
Year	+106.39%
3 Years	+209.59%
5 Years	+211.72%
10 Years	+41.27%

Stock Score: ⭐ Premium

Based on debt, profitability, growth, and cash flow metrics

⭐ Premium Feature

Recent Price History

Date	Close	Volume
2026-06-22	$4.52	57,200
2026-06-18	$4.62	80,400
2026-06-17	$4.64	20,000
2026-06-16	$4.74	45,200
2026-06-15	$4.91	36,700
2026-06-12	$4.86	23,700
2026-06-11	$4.83	20,500
2026-06-10	$4.90	10,300
2026-06-09	$4.90	51,300
2026-06-08	$4.83	4,800
2026-06-05	$4.83	55,900
2026-06-04	$4.99	216,900
2026-06-03	$4.95	45,200
2026-06-02	$4.93	2,700
2026-06-01	$4.93	58,700
2026-05-29	$4.72	48,500
2026-05-28	$4.59	3,100
2026-05-27	$4.65	4,700
2026-05-26	$4.65	12,700

About Gold Reserve Ltd.

Gold Reserve Ltd. engages in acquiring, exploring, and developing mining projects. The company holds interest in the LMS Gold project located in Alaska, the United States. Gold Reserve Ltd. was founded in 1956 and is based in Pembroke, Bermuda.

📰 Latest News

Gold Reserve Provides Update in Citgo Sale Process

MT Newswires • 2026-01-09T13:23:28Z

Gold Reserve Obtains Favorable Award in Arbitration Against BANDES, Details Court Decision in Citgo Sale Process

MT Newswires • 2025-11-26T11:08:35Z

$10 billion Citgo auction could finally end twisting saga of Venezeulan expropriation, imprisoned execs, and a long-shot NYC mayoral candidate

Fortune • 2025-09-19T06:45:00Z

US court moves to support Elliott affiliate's bid for Citgo parent

Reuters • 2025-09-19T02:58:38Z

Gold Reserve Down More Than 40%, Was Even Lower As It Updates on U.S. Court Decision in 2020 PDVSA Bondholders Action

MT Newswires • 2025-09-18T18:59:07Z

Is Venezuela about to lose Citgo, its most prized foreign asset?

Reuters • 2025-09-15T10:06:04Z

US court inclined to deny motion to disqualify Elliott bid for Citgo parent

Reuters • 2025-09-10T16:53:00Z

Gold Reserve Says Not Selected in Citgo Petroleum Sale Process; Shares Jumped 23.6% Last Friday

MT Newswires • 2025-09-02T11:22:24Z

Elliott affiliate recommended as winner of $5.89bn Citgo auction

Offshore Technology • 2025-09-01T09:19:26Z

Elliott affiliate's $5.89 billion bid recommended as winner of Citgo auction

Reuters • 2025-08-30T03:25:25Z

Period:

Income Statement (Annual)

Metric	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue
Total Revenue	$0	$0	$0	$0
Operating Revenue	$0	$0	$0	$0
Expenses
Total Expenses	$11,983,947	$6,839,314	$7,359,791	$9,058,173
Other Income Expense	$-5,214,224	$-392,087	$-1,819,248	$-1,569,714
Net Non Operating Interest Income Expense	$2,921,149	$1,911,292	$582,523	$31,095
Operating Expense	$11,983,947	$6,839,314	$7,359,791	$9,058,173
Other Operating Expenses	$61,118	$64,201	$285,333	$1,793,728
General And Administrative Expense	$11,922,829	$6,775,113	$7,074,458	$7,264,445
Other Non Operating Income Expenses	-	$-148,200	$-168,117	$-317,841
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Net Interest Income	$2,921,149	$1,911,292	$582,523	$31,095
Interest Income	$2,921,149	$1,911,292	$582,523	$31,095
Normalized Income	$-11,069,746	$-22,926,321	$-6,945,385	$-9,344,919
Net Income From Continuing And Discontinued Operation	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Net Income Common Stockholders	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Net Income	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Net Income Including Noncontrolling Interests	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Net Income Continuous Operations	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Pretax Income	$-14,277,022	$-5,320,109	$-8,596,516	$-10,596,792
Special Income Charges	$-5,400,173	$-1,281,520	$-1,543,691	$-1,253,114
Interest Income Non Operating	$2,921,149	$1,911,292	$582,523	$31,095
Operating Income	$-11,983,947	$-6,839,314	$-7,359,791	$-9,058,173
Per Share
Diluted EPS	$-0.14	$-0.23	$-0.09	$-0.11
Basic EPS	$-0.14	$-0.23	$-0.09	$-0.11
Other
Tax Effect Of Unusual Items	$-1,094,987	$-51,216	$0	$0
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$-6,755,028	$-6,532,415	$-5,604,517	$-7,699,872
Total Unusual Items	$-5,214,224	$-243,887	$-1,651,131	$-1,251,873
Total Unusual Items Excluding Goodwill	$-5,214,224	$-243,887	$-1,651,131	$-1,251,873
Reconciled Depreciation	$14,695	$63,012	$104,143	$106,428
EBITDA (Bullshit earnings)	$-11,969,252	$-6,776,302	$-7,255,648	$-8,951,745
EBIT	$-11,983,947	$-6,839,314	$-7,359,791	$-9,058,173
Diluted Average Shares	$106,557,902	$99,548,080	$99,547,710	$99,481,626
Basic Average Shares	$106,557,902	$99,548,080	$99,547,710	$99,481,626
Diluted NI Availto Com Stockholders	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Tax Provision	$911,961	$17,798,883	$0	$0
Other Special Charges	$5,400,173	$1,087,770	$450,477	$145,147
Impairment Of Capital Assets	$0	$193,750	$622,969	$0
Gain On Sale Of Security	$185,949	$1,037,633	$-107,440	$1,241
Selling General And Administration	$11,922,829	$6,775,113	$7,074,458	$7,264,445
Other Gand A	$11,922,829	$6,775,113	$7,074,458	$7,264,445
Gain On Sale Of Ppe	-	$0	$-8,410	$58,562
Restructuring And Mergern Acquisition	-	$0	$461,835	$0
Write Off	-	-	$0	$1,166,529

Fetched: 2026-02-02

Balance Sheet (Annual)

Metric	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Net Tangible Assets	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Total Assets	$79,042,799	$39,740,147	$52,943,925	$60,640,443
Total Non Current Assets	$364,925	$384,390	$1,416,152	$2,228,093
Current Assets	$78,677,874	$39,355,757	$51,527,773	$58,412,350
Other Current Assets	$257,735	$289,488	$458,939	$506,663
Cash Cash Equivalents And Short Term Investments	$78,420,139	$39,066,269	$42,977,730	$49,222,848
Cash And Cash Equivalents	$42,823,737	$8,529,162	$15,380,489	$49,117,630
Cash Equivalents	$42,823,737	$8,529,162	$15,380,489	$49,117,630
Receivables	-	$0	$8,091,104	$8,682,839
Taxes Receivable	-	$0	$8,091,104	$8,682,839
Prepaid Assets	-	-	$458,939	$506,663
Debt
Total Debt	-	-	$0	$77,093
Current Debt And Capital Lease Obligation	-	-	-	$77,093
Liabilities
Total Liabilities Net Minority Interest	$13,943,603	$11,164,775	$1,351,341	$610,561
Total Non Current Liabilities Net Minority Interest	$0	$0	$0	$0
Current Liabilities	$13,943,603	$11,164,775	$1,351,341	$610,561
Payables And Accrued Expenses	$13,943,603	$11,164,775	$647,283	$473,226
Payables	$12,943,603	$10,421,264	$647,283	$473,226
Total Tax Payable	$10,619,740	$9,707,779	$0	-
Income Tax Payable	$10,619,740	$9,707,779	$0	-
Accounts Payable	$2,323,863	$713,485	$647,283	$473,226
Other Current Liabilities	-	-	$172,077	$60,242
Equity
Common Stock Equity	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Total Equity Gross Minority Interest	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Stockholders Equity	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Other Equity Interest	$25,200,136	$23,661,590	$23,561,301	$23,402,083
Retained Earnings	$-333,581,746	$-318,392,763	$-295,273,771	$-286,677,255
Other
Ordinary Shares Number	$113,037,414	$99,548,711	$99,547,710	$99,547,710
Share Issued	$113,037,414	$99,548,711	$99,547,710	$99,547,710
Tangible Book Value	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Invested Capital	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Working Capital	$64,734,271	$28,190,982	$50,176,432	$57,801,789
Total Capitalization	$65,099,196	$28,575,372	$51,592,584	$60,029,882
Additional Paid In Capital	$372,350,432	$20,625,372	$20,625,372	$20,625,372
Capital Stock	$1,130,374	$302,681,173	$302,679,682	$302,679,682
Common Stock	$1,130,374	$302,681,173	$302,679,682	$302,679,682
Current Accrued Expenses	$1,000,000	$743,511	$531,981	$0
Net PPE	$364,925	$384,390	$1,416,152	$2,228,093
Accumulated Depreciation	$-342,810	$-745,601	$-682,589	$-578,446
Gross PPE	$707,735	$1,129,991	$2,098,741	$2,806,539
Leases	$29,390	$29,390	$29,390	$29,390
Machinery Furniture Equipment	$328,345	$750,601	$1,719,351	$2,352,734
Other Short Term Investments	$35,596,402	$30,537,107	$27,597,241	$105,218
Pensionand Other Post Retirement Benefit Plans Current	-	$743,511	$531,981	-
Capital Lease Obligations	-	-	$0	$77,093
Current Capital Lease Obligation	-	-	$0	$77,093
Long Term Capital Lease Obligation	-	-	-	$0
Other Properties	-	-	-	$74,415

Fetched: 2026-02-02

Cash Flow Statement (Annual)

Metric	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow
Free Cash Flow	$-12,053,695	$-7,428,497	$-6,362,584	$-8,613,109
Operating Activities
Operating Cash Flow	$-12,053,695	$-7,428,497	$-6,362,584	$-8,610,728
Cash Flow From Continuing Operating Activities	$-12,053,695	$-7,428,497	$-6,362,584	$-8,610,728
Operating Gains Losses	-	-	$8,410	$-80,205
Investing Activities
Investing Cash Flow	$-3,495,127	$576,089	$-27,374,557	$313,008
Cash Flow From Continuing Investing Activities	$-3,495,127	$576,089	$-27,374,557	$313,008
Capital Expenditure	-	-	-	$-2,381
Financing Activities
Issuance Of Capital Stock	$51,000,003	$0	-	-
Financing Cash Flow	$49,843,397	$1,081	$0	$0
Cash Flow From Continuing Financing Activities	$49,843,397	$1,081	$0	-
Cash Dividends Paid	$0	$0	-	-
Net Common Stock Issuance	$51,000,003	$0	-	-
Common Stock Issuance	$51,000,003	$0	-	-
Other
End Cash Position	$42,823,737	$8,529,162	$15,380,489	$49,117,630
Beginning Cash Position	$8,529,162	$15,380,489	$49,117,630	$57,415,350
Changes In Cash	$34,294,575	$-6,851,327	$-33,737,141	$-8,297,720
Interest Paid Cff	$-2,078,456	$0	-	-
Proceeds From Stock Option Exercised	$921,850	$1,081	$0	-
Net Investment Purchase And Sale	$-3,495,127	$-198,911	$-27,376,561	$0
Sale Of Investment	$40,078,914	$46,395,438	$0	$0
Purchase Of Investment	$-43,574,041	$-46,594,349	$-27,376,561	$0
Net PPE Purchase And Sale	$0	$775,000	$2,004	$313,008
Sale Of PPE	$0	$775,000	$2,004	$315,389
Change In Working Capital	$2,810,581	$9,982,885	$1,454,654	$-32,574
Change In Payables And Accrued Expense	$2,778,828	$9,813,434	$283,214	$-99,322
Change In Accrued Expense	$256,489	$39,453	$111,835	$0
Change In Payable	$2,522,339	$9,773,981	$171,379	$-99,322
Change In Account Payable	$1,610,378	$66,202	$171,379	$-99,322
Change In Tax Payable	$911,961	$9,707,779	$0	-
Change In Income Tax Payable	$911,961	$9,707,779	$0	-
Change In Prepaid Assets	$31,753	$169,451	$47,724	$66,748
Other Non Cash Items	$-1,315,599	$-1,663,116	$-122,627	-
Stock Based Compensation	$1,869,410	$100,699	$159,218	$1,992,415
Unrealized Gain Loss On Investment Securities	$-248,569	$-1,077,839	$7,165	-
Asset Impairment Charge	$4,770	$193,750	$622,969	$0
Deferred Tax	$0	$8,091,104	$0	$0
Deferred Income Tax	$0	$8,091,104	$0	$0
Depreciation Amortization Depletion	$14,695	$63,012	$104,143	$106,428
Depreciation And Amortization	$14,695	$63,012	$104,143	$106,428
Depreciation	$14,695	$63,012	$104,143	$106,428
Net Income From Continuing Operations	$-15,188,983	$-23,118,992	$-8,596,516	$-10,596,792
Change In Other Working Capital	-	$211,530	$531,981	-
Change In Receivables	-	$0	$591,735	$0
Gain Loss On Sale Of PPE	-	$0	$8,410	$-58,562
Purchase Of PPE	-	-	$0	$-2,381
Gain Loss On Investment Securities	-	-	$7,165	$-21,643

Fetched: 2026-02-02