Shares of The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) rose 0% during mid-day trading on Wednesday . The stock traded as high as $220.00 and last traded at $220.00. Approximately 162 shares changed hands during trading, an increase of 41% from the average daily volume of 115 shares. The stock had previously closed at $219.95.
Reserve Petroleum Price Performance
The company has a fifty day simple moving average of $216.46 and a two-hundred day simple moving average of $209.11.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last released its quarterly 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 for 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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