Royale Energy (OTCMKTS:ROYL) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Royale Energy, Inc. (OTCMKTS:ROYLGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.05 and traded as high as $0.05. Royale Energy shares last traded at $0.05, with a volume of 21,000 shares changing hands.

Royale Energy Stock Up 4.4 %

The company has a market capitalization of $3.32 million, a price-to-earnings ratio of -0.94 and a beta of 0.12. The company’s fifty day simple moving average is $0.05 and its two-hundred day simple moving average is $0.05.

About Royale Energy

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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.

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