Quarterly Metrics: Quick and Current Ratios for Trio Petroleum Corp. (TPET)

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

As of close of business last night, Trio Petroleum Corp.’s stock clocked out at $0.35, down -2.67% from its previous closing price of $0.36. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 2.54 million shares were traded. TPET stock price reached its highest trading level at $0.3709 during the session, while it also had its lowest trading level at $0.346.

Ratios:

To gain a deeper understanding of TPET’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 13189162 and an Enterprise Value of 13848699.

Stock Price History:

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 50.28%, while the 200-Day Moving Average is calculated to be -3.58%.

Shares Statistics:

It appears that TPET traded 20.71M shares on average per day over the past three months and 4138130 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 0.29% stake in the company. Shares short for TPET as of 1714435200 were 3099912 with a Short Ratio of 0.15, compared to 1711584000 on 118905. Therefore, it implies a Short% of Shares Outstanding of 3099912 and a Short% of Float of 9.59.

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