Reserve Petroleum (OTCMKTS:RSRV) Stock Price Down 5.1% – Should You Sell?

by · The Markets Daily

The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report)’s share price fell 5.1% on Tuesday . The company traded as low as $177.05 and last traded at $177.05. 12 shares were traded during mid-day trading, a decline of 85% from the average session volume of 78 shares. The stock had previously closed at $186.50.

Reserve Petroleum Trading Down 5.1%

The stock has a fifty day simple moving average of $180.58 and a 200-day simple moving average of $172.78.

Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last issued its earnings results on Friday, November 14th. The company reported $9.02 earnings per share for the quarter. The business had revenue of $4.47 million for the quarter.

About Reserve Petroleum

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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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