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Last $10.01 USD
Change Today +0.01 / 0.10%
Volume 120.0
ROYE On Other Exchanges
As of 2:03 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

royal energy resources inc (ROYE) Snapshot

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Day High
Day Low
52 Week High
03/27/15 - $28.00
52 Week Low
11/3/14 - $0.10
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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royal energy resources inc (ROYE) Details

Royal Energy Resources, Inc. is a development stage company that explores for mineral properties. It pursues gold, silver, copper, and rare earth metals mining concessions in Romania, as well as mining leases in the United States. As of August 31, 2014, the company held the lease for 2,100 acres rare earth and precious metals leases in Crook County, Wyoming. In addition, it engages in the real estate acquisitions in eastern European countries, as well as holds oil and gas leases. Royal Energy Resources, Inc. was formerly known as World Marketing, Inc. and changed its name to Royal Energy Resources, Inc. in December 2007. The company was founded in 1999 and is based in Brooklyn, New York. As of March 6, 2015, Royal Energy Resources, Inc. operates as a subsidiary of E-Starts Money Co.

1 Employees
Last Reported Date: 12/11/14
Founded in 1999

royal energy resources inc (ROYE) Top Compensated Officers

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Executives, Board Directors

royal energy resources inc (ROYE) Key Developments

Royal Energy Resources, Inc. announced delayed 10-Q filing

On 04/14/2015, Royal Energy Resources, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Royal Energy Resources, Inc. Borrows $203,593 from E-Starts Money; Announces Management Changes

On March 6, 2015, Royal Energy Resources, Inc. borrowed $203,593 from E-Starts Money Co. pursuant to a demand promissory date which bears interest at 6% per annum. The proceeds were used by the company to repay all of its indebtedness. In connection with Mr. William L. Tuorto’s acquisition of a majority of the common stock and preferred stock in the transactions, (i) Frimet Taub resigned as a director and from all positions as an officer, employee, or independent contractor to the company; (ii) Mr. Tuorto was appointed to the board seat vacated by Ms. Taub; (iii) Mr. Roth resigned as chairman of the board and Mr. Tuorto was appointed chairman of the board; (iv) Mr. Roth resigned as the Chief Executive Officer and Chief Financial Officer of the company, and any other position as an officer, employee or independent contractor to the company, and Mr. Tuorto was appointed as the Chief Executive Officer, Interim Chief Financial Officer, Secretary and Treasurer of the company; and (v) Mr. Roth resigned as a director of the company, provided that his resignation is subject to and not effective until the close of business on the 10th day after the company distributes an information statement to its shareholders in accordance with SEC Rule 14f-1. Mr. Tuorto, 45, has been providing legal, financial, and consulting services to public companies for over 19 years. Privately, Mr. Tuorto is an investor and entrepreneur, with holdings in a wide-range portfolio of energy, technology, real estate and hospitality. Such legal and practical experience across various industries has enabled Mr. Tuorto to significantly impact profitability and growth objectives to his companies and clients alike.

Royal Energy Resources, Inc. announced delayed annual 10-K filing

On 12/01/2014, Royal Energy Resources, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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