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

Royale Energy Inc. (OTCMKTS:ROYL) shares passed 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 changing hands.

Royale Energy Stock Down 26.4%

The firm has a 50-day moving average price of $0.04 and a two-hundred day moving average price of $0.04. The company has a market capitalization of $4.15 million, a P/E ratio of -1.43 and a beta of -0.70.

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

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.