NEW YORK (
) -- Shares of
) were gapping up Friday morning with an open price 11.7% higher than Wednesday's closing price. The stock closed at $3.86 Wednesday and opened today's trading at $4.31.
The average volume for Royale Energy has been 313,300 shares per day over the past 30 days. Royale Energy has a market cap of $35.4 million and is part of the
industry. Shares are up 72.3% year to date as of the close of trading on Wednesday.
Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. The company has a P/E ratio of 193, above the average energy industry P/E ratio of 164.5 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 good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full
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