The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) shares fell 3.1% on Monday . The stock traded as low as $176.10 and last traded at $179.10. 53 shares were traded during mid-day trading, a decline of 57% from the average session volume of 124 shares. The stock had previously closed at $184.80.
Reserve Petroleum Trading Down 3.4%
The business’s 50 day moving average is $177.11 and its 200 day moving average is $170.92.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported $9.02 earnings per share for the quarter. The firm had revenue of $4.47 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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