Royale Energy (OTCMKTS:ROYL) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Royale Energy Inc. (OTCMKTS:ROYL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.04 and traded as high as $0.06. Royale Energy shares last traded at $0.0430, with a volume of 52,698 shares trading hands.

Royale Energy Stock Performance

The firm has a market cap of $4.15 million, a P/E ratio of -1.43 and a beta of -0.70. The firm has a fifty day moving average of $0.04 and a 200-day moving average of $0.04.

Royale Energy (OTCMKTS:ROYL) last posted its earnings results on Wednesday, November 26th. The oil and gas producer reported ($0.01) EPS for the quarter. The business had revenue of $0.59 million for the quarter.

Royale Energy Company Profile

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.