Insider’s View: Deciphering Trio Petroleum Corp. (TPET)’s Financial Health Through Ratios

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The price of Trio Petroleum Corp. (AMEX: TPET) closed at $0.30 in the last session, down -1.41% from day before closing price of $0.30. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 2.0 million shares were traded. TPET stock price reached its highest trading level at $0.318 during the session, while it also had its lowest trading level at $0.29.

Ratios:

We take a closer look at TPET’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 03 ’24 when PERNICE THOMAS J sold 10,000 shares for $0.23 per share. The transaction valued at 2,270 led to the insider holds 220,000 shares of the business.

PERNICE THOMAS J sold 10,000 shares of TPET for $3,302 on May 01 ’24. The Director now owns 230,000 shares after completing the transaction at $0.33 per share. On Feb 09 ’24, another insider, Randall John W., who serves as the Director of the company, sold 60,000 shares for $0.13 each. As a result, the insider received 7,998 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 15108555 and an Enterprise Value of 15436369. For the stock, the TTM Price-to-Sale (P/S) ratio is 215.84 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 211.68 whereas that against EBITDA is -2.265.

Stock Price History:

The Beta on a monthly basis for TPET is -8.75, which has changed by -0.68421054 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, TPET has reached a high of $1.97, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is -6.31%, while the 200-Day Moving Average is calculated to be -3.45%.

Shares Statistics:

According to the various share statistics, TPET traded on average about 24.97M shares per day over the past 3-months and 26841700 shares per day over the past 10 days. A total of 50.33M shares are outstanding, with a floating share count of 33.15M. Insiders hold about 34.13% of the company’s shares, while institutions hold 1.02% stake in the company. Shares short for TPET as of 1715731200 were 969423 with a Short Ratio of 0.04, compared to 1713139200 on 3289332. Therefore, it implies a Short% of Shares Outstanding of 969423 and a Short% of Float of 3.0.

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