Royale Energy Stock Soars (ROYL)

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.

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