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The closing price of Trio Petroleum Corp. (AMEX: TPET) was $0.37 for the day, up 4.88% from the previous closing price of $0.36. In other words, the price has increased by $4.88 from its previous closing price. On the day, 5.45 million shares were traded. TPET stock price reached its highest trading level at $0.3955 during the session, while it also had its lowest trading level at $0.358.
Ratios:
Our analysis of TPET’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.25 and its Current Ratio is at 0.25. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 01 ’24 when PERNICE THOMAS J sold 10,000 shares for $0.33 per share. The transaction valued at 3,302 led to the insider holds 230,000 shares of the business.
Randall John W. sold 60,000 shares of TPET for $7,998 on Feb 09 ’24. The Director now owns 100,000 shares after completing the transaction at $0.13 per share. On Feb 01 ’24, another insider, Ingriselli Frank C, who serves as the Director of the company, sold 137,296 shares for $0.25 each. As a result, the insider received 33,775 and left with 100,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TPET now has a Market Capitalization of 14085514 and an Enterprise Value of 14727201.
Stock Price History:
The Beta on a monthly basis for TPET is -9.05, which has changed by -0.81878173 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, TPET has reached a high of $2.35, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is 85.49%, while the 200-Day Moving Average is calculated to be -1.86%.
Shares Statistics:
TPET traded an average of 20.94M shares per day over the past three months and 14752660 shares per day over the past ten days. A total of 31.05M shares are outstanding, with a floating share count of 24.30M. Insiders hold about 34.18% of the company’s shares, while institutions hold 0.29% stake in the company. Shares short for TPET as of 1713139200 were 3289332 with a Short Ratio of 0.16, compared to 1710460800 on 452835. Therefore, it implies a Short% of Shares Outstanding of 3289332 and a Short% of Float of 10.42.
