Royale Energy Inc. (OTCMKTS:ROYL – Get Free Report) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.07 and traded as high as $0.10. Royale Energy shares last traded at $0.10, with a volume of 857 shares traded.
Royale Energy Stock Performance
The firm’s 50-day simple moving average is $0.06 and its 200-day simple moving average is $0.07. The company has a market capitalization of $9.66 million, a price-to-earnings ratio of -3.33 and a beta of -0.89.
Royale Energy (OTCMKTS:ROYL – Get Free Report) last announced its quarterly earnings data on Friday, August 28th. The oil and gas producer reported ($0.01) EPS for the quarter. The firm had revenue of $0.68 million for the quarter.
Royale Energy Company Profile
Royale Energy, Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of hydrocarbon properties. Its activities have primarily focused on onshore oil and gas assets, with an emphasis on developing reserves through drilling and field operations.
The company has historically operated in California, including the Sacramento Basin, where it has pursued exploration and production opportunities involving natural gas and crude oil.
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