NEW YORK (
) is trading at unusually high volume Friday with 2.6 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 96 cents (+18.1%) at $6.28 as of 1:20 p.m. ET.
Royale Energy has a market cap of $47.1 million and is part of the
industry. Shares are up 16.2% year to date as of the close of trading on Thursday.
Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. The company has a P/E ratio of 268.5, above the average energy industry P/E ratio of 219 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Royale Energy as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full
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