Reserve Petroleum (OTCMKTS:RSRV) Shares Up 1.8% – Still a Buy?

The Reserve Petroleum Company (OTCMKTS:RSRV) was up 1.8% during mid-day trading on Monday . The stock traded as high as $225.00 and last traded at $225.00. Approximately 410 shares traded hands during mid-day trading, an increase of 253% from the average daily volume of 116 shares. The stock had previously closed at $221.13.

Reserve Petroleum Trading Up 1.8%

The firm has a fifty day simple moving average of $198.43 and a 200-day simple moving average of $184.35.

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.