NEW YORK (

TheStreet

) --

Royale Energy

(Nasdaq:

ROYL

) hit a new 52-week high Monday as it traded at $6.52 compared with its previous 52-Week high of $6.23. Royale Energy is changing hands at $6.45 with 12.8 million shares traded as of 2:06 p.m. ET. Average volume has been 580,000 shares over the past 30 days.

Royale Energy has a market cap of $51.6 million and is part of the

basic materials

sector and

energy

industry. Shares are up 124.1% year to date as of the close of trading on Friday.

Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. The company has a P/E ratio of 63, below the average energy industry P/E ratio of 72 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Royale Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow. You can view the full

Royale Energy Ratings Report

.

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