Royale Energy (OTCMKTS:ROYL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Royale Energy Inc. (OTCMKTS:ROYLGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.04 and traded as high as $0.04. Royale Energy shares last traded at $0.04, with a volume of 33,472 shares changing hands.

Royale Energy Stock Performance

The stock has a market capitalization of $3.86 million, a price-to-earnings ratio of -1.00 and a beta of -0.68. The firm has a fifty day moving average of $0.04 and a 200-day moving average of $0.04.

Royale Energy (OTCMKTS:ROYLGet Free Report) last announced its quarterly earnings results on Thursday, May 15th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.49 million during the quarter.

Royale Energy Company Profile

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Royale Energy, Inc acquires, explores for, develops, produces, and sells oil and natural gas properties in the United States. Its principal operations are located in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana, and Colorado. Royale Energy, Inc was incorporated in 1986 and is based in El Cajon, California.

Further Reading

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