Investor’s Delight: Trio Petroleum Corp. (TPET) Closes Weak at 0.25, Down -5.38

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The closing price of Trio Petroleum Corp. (AMEX: TPET) was $0.25 for the day, down -5.38% from the previous closing price of $0.26. In other words, the price has decreased by -$5.38 from its previous closing price. On the day, 1.07 million shares were traded. TPET stock price reached its highest trading level at $0.2599 during the session, while it also had its lowest trading level at $0.2417.


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 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 9792079 and an Enterprise Value of 10002487.

Stock Price History:

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 -14.46%, while the 200-Day Moving Average is calculated to be -24.77%.

Shares Statistics:

TPET traded an average of 20.80M shares per day over the past three months and 1611440 shares per day over the past ten days. A total of 31.05M shares are outstanding, with a floating share count of 24.31M. Insiders hold about 34.15% of the company’s shares, while institutions hold 1.40% stake in the company. Shares short for TPET as of 1715731200 were 969423 with a Short Ratio of 0.05, 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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