The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) shot up 0.2% during trading on Wednesday . The stock traded as high as $211.00 and last traded at $211.00. 2 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 115 shares. The stock had previously closed at $210.6550.
Reserve Petroleum Price Performance
The firm has a 50-day simple moving average of $222.65 and a 200-day simple moving average of $203.32.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $6.64 earnings per share (EPS) for the quarter. The firm had revenue of $5.55 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.
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