The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) dropped 7.3% during mid-day trading on Monday. The company traded as low as $216.00 and last traded at $216.00. 15 shares changed hands during trading, a decline of 89% from the average daily volume of 132 shares. The stock had previously closed at $233.00.
Reserve Petroleum Stock Down 8.3%
The company’s fifty day moving average price is $222.52 and its two-hundred day moving average price is $214.37.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $16.82 earnings per share for the quarter. The business had revenue of $6.07 million during the quarter.
Reserve Petroleum Company Profile
Reserve Petroleum Corporation is an oil and natural gas company whose business activities have centered on the acquisition, exploration, development and production of domestic oil and natural gas properties. The company has also held interests in producing wells and related oil and gas assets.
Reserve Petroleum has historically operated as an independent energy company, with its activities focused on managing and developing petroleum interests rather than providing energy services or selling finished products directly to consumers.
Publicly available information about the company’s current operations, geographic footprint, product mix and leadership is limited.
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