The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report)’s share price rose 15.8% on Friday . The company traded as high as $175.00 and last traded at $175.00. Approximately 16 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 107 shares. The stock had previously closed at $151.10.
Reserve Petroleum Stock Up 15.8%
The stock has a 50 day simple moving average of $161.60 and a two-hundred day simple moving average of $164.90.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $11.71 earnings per share for the quarter. The business had revenue of $4.31 million during the quarter.
About Reserve Petroleum
The Reserve Petroleum Company, an independent oil and gas company, engages in oil and natural gas exploration, development, and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming. It owns producing properties and non-producing mineral interests in the north and south-central United States.
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