ROYE Royal Energy Resources, Inc. featured news, full reports, and detailed charts
Royal Energy Resources, Inc. (ROYE/ROYE.OB) Wrap Up:
Royal Energy Resources, Inc., a development stage company, focuses on the energy projects in the United States. Its oil and gas leases comprise approximately 3,475 acres of property located in Crook, Banner, Weston, Goshen, Niobrara, Converse, Campbell, Freemont, and Platt Counties, Wyoming. The company also has investments in two oil and gas drilling prospects in Washington County, Oklahoma. In addition, Royal Energy Resources holds the lease for uranium rights on 3,201 acres in Laramie, Goshen-Platt, and Platt Counties, Wyoming. It also focuses on real estate acquisitions in eastern European countries. The company was founded in 1999 and is based in Brooklyn, New York.Royal Energy Resources, Inc. (ROYE:OTC Bulletin Board Market)
Snapshot of Royal Energy Resources, Inc. (ROYE)
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OPEN
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PREVIOUS CLOSE
$0.04
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
05/20/09 - $0.25
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52 WEEK LOW
11/11/09 - $0.03
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MARKET CAP
769.6K
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AVERAGE VOLUME 3 mo
5.0K
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DILUTED EPS TTM
$-0.09
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SHARES OUTSTANDING
19.2M
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ROYE Does Not Pay Dividends
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P/E TTM
NM
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ROYE Top Compensated Officers
Executives, Board Directors
Key developments for Royal Energy Resources, Inc. (ROYE)
Royal Energy Resources Inc. announced that a fourth well has been drilled and is near completion in northern Oklahoma. The well, when drilled, showed both oil and natural gas zones, with the oil zone showing the most promise.
Royal Energy Resources Inc. reported earnings results for the third quarter ended May 31, 2009. For the quarter, the company has posted a net loss of $283,602, up from $135,206 for the same quarter the previous year.
Royal Energy Resources, Inc. may plan to raise funds. The firm said in a SEC filing that its ability to continue as a going concern is contingent upon its ability to raise funds through private placements of its common stock and obtaining loans until it establishes sufficient business to support its operating costs. It added that the firm anticipates requiring substantial capital for investments in energy leases and oil and gas drilling prospects and its operating costs have increased for consultants finding prospects.
ROYE Competitors
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Industry Analysis
| Valuation | ROYE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 18.3x |
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| Price/Book | 4.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 14.4x |
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ROYE |
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