Reserve Petroleum (OTCMKTS:RSRV) Trading 1.1% Higher – Still a Buy?

Shares of The Reserve Petroleum Company (OTCMKTS:RSRV) shot up 1.1% during mid-day trading on Wednesday . The company traded as high as $225.00 and last traded at $225.00. 21 shares were traded during mid-day trading, a decline of 82% from the average session volume of 115 shares. The stock had previously closed at $222.50.

Reserve Petroleum Price Performance

The stock has a 50 day moving average of $209.71 and a 200-day moving average of $190.06.

Reserve Petroleum (OTCMKTS:RSRV) last issued its earnings results on Tuesday, March 31st. The company reported $3.70 earnings per share (EPS) for the quarter. The firm had revenue of $5.17 million during the quarter.

About Reserve Petroleum

Reserve Petroleum (OTCMKTS:RSRV) is an independent oil and gas exploration and production company focused on the identification, acquisition and development of hydrocarbon reserves in the United States. The company’s primary activities include geological prospect evaluation, drilling, well completion and production optimization. By leveraging technical expertise in reservoir characterization and field development planning, Reserve Petroleum aims to convert identified reserves into sustained cash flow and long-term production growth.

Operations are concentrated in onshore basins along the U.S.