Reservoir Media (NASDAQ:RSVR) Trading Down 9.7%

Reservoir Media Inc (NASDAQ:RSVR) was down 9.7% on Monday . The company traded as low as $8.62 and last traded at $8.62. Approximately 9,752 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 177,352 shares. The stock had previously closed at $9.55.

A number of equities research analysts have recently weighed in on RSVR shares. Craig Hallum assumed coverage on Reservoir Media in a research note on Monday, August 23rd. They issued a “buy” rating and a C$13.00 target price for the company. Roth Capital assumed coverage on Reservoir Media in a report on Monday, August 23rd. They set a “buy” rating and a $13.00 price target on the stock.

About Reservoir Media (NASDAQ:RSVR)

Roth CH Acquisition Co II entered into a definitive agreement and plan of merger for a business combination with Reservoir Holdings Inc

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