NEW YORK ( TheStreet) -- Shares of Royale Energy (Nasdaq: ROYL) have taken a tremendous swing upward. The stock is trading at $5.51 as of 3:20 p.m. ET, 23.3% above Tuesday's closing price of $4.47. Volume is at 2.5 million, 5.2 times the daily average of 476,400. Royale Energy has a market cap of $49.1 million and is part of the basic materials sector and energy industry. Shares are up 99.6% year to date as of the close of trading on Tuesday. Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. The company has a P/E ratio of 228, equal to the average energy industry P/E ratio 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 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 Royale Energy Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.