Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) released its earnings results on Tuesday. The company reported $3.70 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $5.17 million during the quarter.
Reserve Petroleum Price Performance
OTCMKTS:RSRV remained flat at $225.00 during trading on Wednesday. The company’s stock had a trading volume of 80 shares, compared to its average volume of 119. Reserve Petroleum has a 52-week low of $150.28 and a 52-week high of $225.00. The company has a 50 day simple moving average of $199.39 and a 200 day simple moving average of $184.69.
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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