Royal Energy Resources, Inc. (ROYE) Research

Royal Energy Resources, Inc. (ROYE) specializes in the extraction and distribution of coal, operating both open-pit and subterranean mines across Kentucky, Ohio, Utah, and West Virginia within the United States. The company supplies various types of coal, including steam and metallurgical grades. Its steam coal primarily serves electric utility companies, who utilize it as fuel for their power-generating stations, while its metallurgical coal is crucial for steel and coke manufacturers in their production processes. As of December 31, 2018, the firm reported an estimated 268.5 million tons in proven and probable coal reserves, consisting of roughly 214.0 million tons of steam coal and 54.5 million tons of metallurgical coal. Established in 1999, the company initially operated as World Marketing, Inc. before rebranding to Royal Energy Resources, Inc. in December 2007. Headquartered in Charleston, South Carolina, Royal Energy Resources, Inc. functions as a subsidiary of E-Starts Money Co.

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