Royale Energy Inc. (OTCMKTS:ROYL – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 5 shares, a drop of 100.0% from the April 30th total of 24,594 shares. Based on an average daily volume of 61,397 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Royale Energy Stock Performance
ROYL stock remained flat at $0.09 during midday trading on Friday. 50,789 shares of the company’s stock were exchanged, compared to its average volume of 19,602. Royale Energy has a fifty-two week low of $0.02 and a fifty-two week high of $0.19. The firm has a market capitalization of $8.79 million, a P/E ratio of -3.03 and a beta of -0.23. The firm has a 50 day simple moving average of $0.09 and a two-hundred day simple moving average of $0.06.
About Royale Energy
Royale Energy Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.
The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques.
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