Royale Energy(NASDAQ:ROYL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $-0.05.
Royale Energy (ROYL) remained unchanged at the close of Wednesday session. Even as the volume increased to 9,319 ,the shares failed to make any impression and ended at 0 points or 0.00% at $0.68. The trading session commenced at $0.6823 and the stock hit a high of $0.69 and touched $0.68 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $1.08 and the 52-week low is $0.06. The company has a market cap of $13 M and has approximately 1,93,06,662 outstanding shares.
Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Harry Hosmer (director) purchased 85,745 shares at $0.16 per share price.Also, On Jan 20, 2016, Stephen M Hosmer (Co-President & CFO) sold 5,000 shares at $0.26 per share price.On Jan 13, 2016, Jonathan Gregory (CEO) purchased 42,508 shares at $0.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Royale Energy Inc. (Royale Energy) is an independent oil and natural gas producer. The Company is engaged in the production and sale of natural gas acquisition of oil and gas lease interests and proved reserves drilling of exploratory and development wells and selling of fractional working interests in its wells to be drilled. The Company owns wells and leases located mainly in the Sacramento Basin and San Joaquin Basin in California as well as in Utah Texas Oklahoma Louisiana and Alaska. The Company sells a portion of the working interest in each well it drills or participates in to third party investors and retains a portion of the prospect for its own account. The Company operates around 54 natural gas wells in California. The Company also has non-operating interests in four natural gas wells in Utah 11 oil and gas wells in Texas two in Oklahoma one in California and one in Louisiana.