GOLD RESERVE INC chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share -0.00
Dividend & YieldN/AC$ (N/A)
Beta 0.36
Market capitalization 91.58M
Operating cash flow -8.19M
ESG Scores unknown

Company description

Gold Reserve Inc., an exploration stage company, acquires, explores, and develops mining properties. 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. The company was incorporated in 1956 and is based in Spokane, Washington.

Sector: Basic Materials - Industry: Gold

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -4.55M 19.71k 113.27k -99.32k
Total Cashflows From Investing Activities 74.22M -10.01k 152.02k 313.01k
Net Borrowings
Total Cash From Financing Activities -75.54M -75.54M
Change To Operating Activities -1.45M 860.83k 174.46k 66.75k
Issuance Of Stock
Net Income 41.86M -13.15M -11.52M -10.6M
Change In Cash 9.97M -85.82M -4.41M -8.3M
Effect Of Exchange Rate
Total Cash From Operating Activities -64.25M -10.27M -4.56M -8.61M
Depreciation 47.94k 131.59k 124.27k 106.43k
Change To Account Receivables
Other Cashflows From Financing Activities
Change To Netincome -100.15M 1.86M 3.34M 1.91M
Capital Expenditures -89.68k -10.01k -46.75k -2.38k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 31.89M -17.49M -12.61M -10.6M
Net Income 41.86M -13.15M -11.52M -10.6M
Selling General Administrative 8.61M 6.69M 5.85M 7.26M
Gross Profit 53.23M 111.3k
Ebit -9.54M -7.17M -6.39M -7.59M
Operating Income -9.54M -7.17M -6.39M -7.59M
Interest Expense
Income Tax Expense -9.97M -4.35M -1.09M
Total Revenue 53.23M 111.3k
Cost Of Revenue
Total Other Income ExpenseNet 41.43M -10.33M -6.22M -3.01M
Net Income From Continuing Ops 41.86M -13.15M -11.52M -10.6M
Net Income Applicable To Common Shares 41.86M -13.15M -11.52M -10.6M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 712.52k 984.22k 1.01M 610.56k
Total Stockholder Equity 167.94M 79.28M 68.42M 60.03M
Other Current Liabilities 60.24k 60.24k
Total Assets 168.65M 80.27M 69.44M 60.64M
Common Stock 378.01M 302.47M 302.47M 302.68M
Other Current Assets
Retained Earnings -251.42M -264.56M -276.08M -286.68M
Treasury Stock 20.72M 20.75M 21.41M 23.4M
Cash 147.65M 61.82M 57.42M 49.12M
Total Current Liabilities 712.52k 814.31k 933.99k 610.56k
Other Stockholder Equity 20.72M 20.75M 21.41M 23.4M
Property, Plant, and Equipment 12.66M 6.72M 2.68M 2.23M
Total Current Assets 155.99M 73.55M 66.76M 58.41M
Net Tangible Assets 167.94M 79.28M 68.42M 60.03M
Net Receivables 6.45M 10.8M 8.68M 8.68M
Accounts Payable 712.52k 728.79k 780.92k 473.23k


Insider Transactions

Here are the insider transactions of stock shares related to GOLD RESERVE INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BELANGER ALEXANDER DOUGLASSale at price 3.88 per share.D2012-09-07President30.76k
POTVIN JEAN CHARLESSale at price 3.88 per share.D2012-09-07Director5.53k
TIMM ROCKNE JSale at price 3.88 per share.D2012-09-07Chief Executive Officer30.76k
GEYER JAMES PSale at price 3.88 per share.D2012-09-07Director5.53k
SMITH MARY ESale at price 3.88 per share.D2012-09-07Officer18.45k
MIKKELSEN CHRIS DSale at price 3.88 per share.D2012-09-07Director5.53k
MCGUINNESS ROBERT ANDREWSale at price 3.88 per share.D2012-09-07Chief Financial Officer23.08k
MCCHESNEY PATRICK DANIELSale at price 3.88 per share.D2012-09-07Director5.53k
COLEMAN JAMES HENRYStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
BELANGER ALEXANDER DOUGLASStock Award(Grant) at price 0.00 per share.D2012-01-30President100k
POTVIN JEAN CHARLESStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
TIMM ROCKNE JStock Award(Grant) at price 0.00 per share.D2012-01-30Chief Executive Officer100k
GEYER JAMES PStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
SMITH MARY EStock Award(Grant) at price 0.00 per share.D2012-01-30Officer60k
MIKKELSEN CHRIS DStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
MCGUINNESS ROBERT ANDREWStock Award(Grant) at price 0.00 per share.D2012-01-30Chief Financial Officer75k
MCCHESNEY PATRICK DANIELStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
COLEMAN JAMES HAYWARDStock Award(Grant) at price 0.00 per share.D2012-01-30Director36k
MCCHESNEY PATRICK DANIELSale at price 2.91 per share.D2012-01-24Director2.55k
BELANGER ALEXANDER DOUGLASStock Gift at price 2.80 per share.D2012-01-11President26.1k
MCCHESNEY PATRICK DANIELSale at price 2.90 per share.D2012-01-06Director2.45k
TIMM ROCKNE JStock Gift at price 0.00 per share.D2011-12-22Chief Executive Officer40k
MCCHESNEY PATRICK DANIELSale at price 2.82 per share.D2011-12-22Director5k
MCCHESNEY PATRICK DANIELSale at price 2.81 per share.D2011-12-20Director10k
MIKKELSEN CHRIS DSale at price 2.86 per share.D2011-12-08Director20k
BELANGER ALEXANDER DOUGLASSale at price 2.80 per share.D2011-12-06President47.5k
TIMM ROCKNE JSale at price 2.80 per share.D2011-12-06Chief Executive Officer50k
SMITH MARY ESale at price 2.80 per share.D2011-12-06Officer30k
MCGUINNESS ROBERT ANDREWSale at price 2.80 per share.D2011-12-06Chief Financial Officer35k
SMITH MARY ESale at price 2.90 - 2.95 per share.D2011-09-14Officer9.39k
SMITH MARY ESale at price 3.00 per share.D2011-09-09Officer610
BELANGER ALEXANDER DOUGLASSale at price 2.85 - 2.87 per share.D2011-08-30President17.21k
BELANGER ALEXANDER DOUGLASSale at price 2.71 - 2.73 per share.D2011-08-26President7.79k
BELANGER ALEXANDER DOUGLASStock Gift at price 2.38 per share.D2011-08-02President10k
BELANGER ALEXANDER DOUGLASSale at price 1.78 per share.D2011-06-02President47.5k
TIMM ROCKNE JSale at price 1.78 per share.D2011-06-02Chief Executive Officer50k
SMITH MARY ESale at price 1.78 per share.D2011-06-02Officer30k
MCGUINNESS ROBERT ANDREWSale at price 1.78 per share.D2011-06-02Chief Financial Officer35k
MCCHESNEY PATRICK DANIELSale at price 1.79 per share.D2011-05-25Director3.84k
STEELHEAD PARTNERS L L CSale at price 1.69 per share.I2011-04-28Beneficial Owner of more than 10% of a Class of Security1M
STEELHEAD NAVIGATOR MASTER L PSale at price 1.69 per share.D2011-04-28Beneficial Owner of more than 10% of a Class of Security1M
MCCHESNEY PATRICK DANIELSale at price 1.74 per share.D2011-04-26Director11.16k
BELANGER ALEXANDER DOUGLASStock Gift at price 1.74 per share.D2011-04-15President15k
TIMM ROCKNE JStock Gift at price 0.00 per share.D2011-03-31Chief Executive Officer20k
COLEMAN JAMES HENRYStock Award(Grant) at price 0.00 per share.D2011-02-17Director36k
POTVIN JEAN CHARLESStock Award(Grant) at price 0.00 per share.D2011-02-17Director36k
GEYER JAMES PStock Award(Grant) at price 0.00 per share.D2011-02-17Director36k
MIKKELSEN CHRIS DStock Award(Grant) at price 0.00 per share.D2011-02-17Director36k
MCCHESNEY PATRICK DANIELStock Award(Grant) at price 0.00 per share.D2011-02-17Director36k
BELANGER ALEXANDER DOUGLASStock Gift at price 1.77 per share.D2011-02-02President28.8k
BELANGER ALEXANDER DOUGLASSale at price 1.78 per share.D2010-12-22President15k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to GOLD RESERVE INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on GOLD RESERVE INC

Here is the result of two systematic investment strategies applied to GOLD RESERVE INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on GOLD RESERVE INC

The following chart shows the equity curve of the two systematic investment strategies applied to GOLD RESERVE INC:

GOLD RESERVE INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -34.23% on the backtest period.

Performance at glance

Performance

-34.23 %

Latent gain

-768.33 C$

Invested capital

2244.91 C$

Annualized return

-7.85 %
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Momentum strategy results on GOLD RESERVE INC

This is the result of two momentum investment strategies applied to GOLD RESERVE INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on GOLD RESERVE INC

The following chart shows all the entries opened by the momentum investment system on GOLD RESERVE INC:

GOLD RESERVE INC momentum entries
  • The first momentum investment strategy would give -27.64% of return on GOLD RESERVE INC. That represents -1726.5C$ of latent gain with 6245.79C$ of employed capital.
  • The second momentum investment strategy would give -15.71% of return on GOLD RESERVE INC. That represents -864.48C$ of latent gain with 5503.17C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-27.64 %

Latent gain

-1726.5 C$

Invested capital

6245.79 C$

Annualized return

1.0 %
Performance at glance (2Q Momentum)

Performance

-15.71 %

Latent gain

-864.48 C$

Invested capital

5503.17 C$

Annualized return

-4.05 %

Momentum equity curve on GOLD RESERVE INC

The following chart shows the equity curve of the two momentum strategies applied to GOLD RESERVE INC:

GOLD RESERVE INC momentum equity

Note: the dividends potentially given by GOLD RESERVE INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GOLD RESERVE INC

The following chart shows the employed capital evolution of the two momentum strategies on GOLD RESERVE INC since the beginning:

GOLD RESERVE INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on GOLD RESERVE INC

Buy the dip entry openings on GOLD RESERVE INC

GOLD RESERVE INC

The performance achieved by the robo-advisor on GOLD RESERVE INC is 2.37%. That represents 11.88$ of latent gain with 501.54C$ of employed capital. The following chart shows GOLD RESERVE INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of GOLD RESERVE INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

2.37 %

Latent gain

11.88 C$

Invested capital

501.54 C$

Annualized return

1.0 %

Equity curve of the strategy applied to GOLD RESERVE INC

The following chart shows the result of the investment strategy applied to GOLD RESERVE INC:

GOLD RESERVE INC

Note: the dividends potentially given by GOLD RESERVE INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GOLD RESERVE INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on GOLD RESERVE INC:

GOLD RESERVE INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on GOLD RESERVE INC

In this section, I will compare the three previous investment strategies applied to GOLD RESERVE INC.

Equity curve comparison on GOLD RESERVE INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

GOLD RESERVE INC investment strategy comparison

Employed capital comparison on GOLD RESERVE INC

GOLD RESERVE INC investment comparison

Performance comparison on GOLD RESERVE INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -34.23% -768.33C$ 2244.91C$ -7.85%
Momentum 1 quarter -27.64% -1726.5C$ 6245.79C$ -6.71%
Momentum 2 quarters -15.71% -864.48C$ 5503.17C$ -4.05%
Non-directional 2.37% 11.88C$ 501.54C$ 1.0%
Annualized return comparison

Automatic investment

-7.85 %

Momentum 1Q

-4.05 %

Momentum 2Q

-4.05 %

Non-directional

1.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with GOLD RESERVE INC:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between GOLD RESERVE INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of GOLD RESERVE INC does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name GOLD RESERVE INC
Country United States
City Spokane
Address 999 West Riverside Avenue
Phone 509 623 1500
Website www.goldreserveinc.com
FullTime employees 6
Industry Gold
Sector Basic Materials
Exchange XTSX
Ticker GRZ.XTSX
Market www.tsx.com

GOLD RESERVE INC ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown