Shares of Royale Energy Inc. (OTCMKTS:ROYL – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.07 and traded as high as $0.0799. Royale Energy shares last traded at $0.0799, with a volume of 1,050 shares traded.
Royale Energy Price Performance
The firm’s 50-day moving average price is $0.07 and its 200 day moving average price is $0.07. The firm has a market cap of $8.69 million, a P/E ratio of -3.00 and a beta of -0.89.
Royale Energy (OTCMKTS:ROYL – Get Free Report) last issued its quarterly earnings results on Friday, August 28th. The oil and gas producer reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.68 million during 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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