Shares of Pacific Coast Oil Trust (OTCMKTS:ROYTL – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.14 and traded as low as $0.12. Pacific Coast Oil Trust shares last traded at $0.12, with a volume of 1,008 shares traded.
Pacific Coast Oil Trust Stock Performance
The company’s 50 day moving average price is $0.16 and its two-hundred day moving average price is $0.14.
Pacific Coast Oil Trust Company Profile
Pacific Coast Oil Trust was a royalty trust established to hold interests in oil and natural gas properties located in California. Rather than operating wells directly, the trust received proceeds from its interests in producing properties and distributed available cash to its unitholders after expenses and other obligations.
The trust’s assets were associated primarily with mature oil-producing properties in California, including fields in the state’s coastal and southern regions. Pacific Coast Energy Company LP and its affiliates were responsible for operating the underlying properties and providing the trust with production and financial information.
As a trust, Pacific Coast Oil Trust did not operate like a conventional oil and gas company with a broad portfolio of products or services.
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