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Who are the Institutional Holders in Trio Petroleum Corp. (TPET)?

Trio Petroleum Corp. (AMEX: TPET) is -58.05% lower on its value in year-to-date trading and has touched a low of $0.08 and a high of $3.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TPET stock was last observed hovering at around $0.15 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $0.13, the stock is 21.15% and -3.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.79 million and changing -12.46% at the moment leaves the stock -73.15% off its SMA200. TPET registered a loss of -76.71% in past 6-months. The firm has a 200-day simple moving average (SMA200) of -$0.90.

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The stock witnessed a 30.00% gain in the last 1 month and extending the period to 3 months gives it a -58.74%, and is 36.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 35.27% over the week and 19.39% over the month.

Trio Petroleum Corp. (TPET) has around 7 employees, a market worth around $4.80M and $0.00M in sales. Distance from 52-week low is 62.30% and -95.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-82.08%).

6 institutions hold shares in Trio Petroleum Corp. (TPET), with institutional investors hold 0.37% of the company’s shares. The shares outstanding are 31.05M, and float is at 22.31M with Short Float at 2.03%. Institutions hold 0.29% of the Float.

The top institutional shareholder in the company is Walleye Capital LLC with over 0.12 million shares valued at $0.2 million. The investor’s holdings represent 0.48% of the TPET Shares outstanding. As of Jun 29, 2023, the second largest holder is SkyView Investment Advisors, LLC with 25000.0 shares valued at $41750.0 to account for 0.10% of the shares outstanding. The other top investors are Cambridge Investment Research Advisors Inc. which holds 15000.0 shares representing 0.06% and valued at over $25050.0, while Boothbay Fund Management, LLC holds 0.05% of the shares totaling 11706.0 with a market value of $19549.0.

Trio Petroleum Corp. (TPET) Insider Activity

The most recent transaction is an insider sale by Randall John W., the company’s Director. SEC filings show that Randall John W. sold 60,000 shares of the company’s common stock on Feb 09 ’24 at a price of $0.13 per share for a total of $7998.0. Following the sale, the insider now owns 100000.0 shares.

Trio Petroleum Corp. disclosed in a document filed with the SEC on Feb 01 ’24 that Ingriselli Frank C (Director) sold a total of 137,296 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $0.25 per share for $33775.0. Following the transaction, the insider now directly holds 100000.0 shares of the TPET stock.

Still, SEC filings show that on Jan 31 ’24, Ingriselli Frank C (Director) disposed off 512,704 shares at an average price of $0.17 for $87087.0. The insider now directly holds 0 shares of Trio Petroleum Corp. (TPET).

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