The Reserve Petroleum Company (OTCMKTS:RSRV – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1 shares, a decrease of 90.9% from the October 15th total of 11 shares. Based on an average daily trading volume, of 49 shares, the days-to-cover ratio is currently 0.0 days.
Reserve Petroleum Stock Performance
OTCMKTS:RSRV opened at $215.00 on Friday. The company’s 50-day simple moving average is $223.65 and its 200-day simple moving average is $215.46. Reserve Petroleum has a fifty-two week low of $166.00 and a fifty-two week high of $240.00.
Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $16.82 EPS for the quarter. The firm had revenue of $6.07 million for the quarter.
About Reserve Petroleum
Reserve Petroleum Corporation is an oil and natural gas company whose business activities have centered on the acquisition, exploration, development and production of domestic oil and natural gas properties. The company has also held interests in producing wells and related oil and gas assets. Reserve Petroleum has historically operated as an independent energy company, with its activities focused on managing and developing petroleum interests rather than providing energy services or selling finished products directly to consumers.
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