Pacific Coast Oil Trust (OTCMKTS:ROYTL) Trading 40% Higher – Time to Buy?

Pacific Coast Oil Trust (OTCMKTS:ROYTLGet Free Report)’s share price rose 40% during mid-day trading on Tuesday . The company traded as high as $0.2150 and last traded at $0.21. 33,428 shares traded hands during trading, an increase of 356% from the average session volume of 7,323 shares. The stock had previously closed at $0.15.

Pacific Coast Oil Trust Trading Down 10.5%

The firm’s 50-day moving average price is $0.15 and its 200 day moving average price is $0.13.

About Pacific Coast Oil Trust

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Pacific Coast Oil Trust (OTCMKTS: ROYTL) is an energy royalty trust that holds net profits interests in oil and gas properties located in California. The trust was established to receive a specified share of the revenues, less operating costs and capital expenditures, generated by its underlying assets, offering investors exposure to upstream oil and gas production without direct operational responsibilities.

The trust’s primary assets are interests in the Dos Cuadras oil field in Santa Barbara County and the Rincon oil field in Ventura County.

Further Reading

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