Trio Petroleum Corp. (AMEX: TPET) is -46.47% lower on its value in year-to-date trading and has touched a low of $0.08 and a high of $0.74 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 $0.18 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.17, the stock is -9.75% and -23.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.5 million and changing -7.83% at the moment leaves the stock -28.98% off its SMA200. TPET registered -69.28% loss for a year compared to 6-month gain of 34.11%. The firm has a 50-day simple moving average (SMA 50) of $0.21694 and a 200-day simple moving average (SMA200) of $0.23365.
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The stock witnessed a -5.31% loss in the last 1 month and extending the period to 3 months gives it a -38.90%, and is -9.34% down 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 14.07% over the week and 11.72% over the month.
Trio Petroleum Corp. (TPET) has around 7 employees, a market worth around $8.35M and $0.14M in sales. Profit margin for the company is -6799.88%. Distance from 52-week low is 107.12% and -77.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-114.54%).
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Trio Petroleum Corp. (TPET) Top Institutional Holders
8.0 institutions hold shares in Trio Petroleum Corp. (TPET), with institutional investors hold 1.87% of the company’s shares. The shares outstanding are 50.33M, and float is at 37.78M with Short Float at 2.21%. Institutions hold 1.59% of the Float.
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 30,000 shares of the company’s common stock on Jun 18 ’24 at a price of $0.30 per share for a total of $9024.0. Following the sale, the insider now owns 70000.0 shares.
Trio Petroleum Corp. disclosed in a document filed with the SEC on Jul 03 ’24 that Ingriselli Frank C (Former Director) sold a total of 210,000 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $0.27 per share for $57330.0. Following the transaction, the insider now directly holds 47000.0 shares of the TPET stock.
Still, SEC filings show that on Jul 03 ’24, Ingriselli Frank C (Former Director) disposed off 190,000 shares at an average price of $0.27 for $51680.0. The insider now directly holds 0 shares of Trio Petroleum Corp. (TPET).
