NEW YORK ( TheStreet) -- Shares of Royale Energy (Nasdaq: ROYL) have taken a tremendous swing upward. The stock is trading at $2.65 as of 1:30 p.m. ET, 23.8% above Wednesday's closing price of $2.14. Volume is at 239,770, 1.3 times the daily average of 180,800.

Royale Energy has a market cap of $22.7 million and is part of the basic materials sector and energy industry. Shares are down 4.5% 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 23.4, below the average energy industry P/E ratio of 26.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Royale Energy as a hold. 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 Royale Energy Ratings Report.

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