Trio Petroleum Corp (AMEX: TPET) is -82.60% lower on its value in year-to-date trading and has touched a low of $0.79 and a high of $14.39 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 $1.00 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.06, the stock is 0.49% and -45.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 6.00% at the moment leaves the stock -74.38% off its SMA200. TPET registered -83.10% loss for a year compared to 6-month loss of -82.61%. The firm has a 50-day simple moving average (SMA 50) of $1.80878 and a 200-day simple moving average (SMA200) of $4.136695.
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The stock witnessed a -19.53% gain in the last 1 month and extending the period to 3 months gives it a -72.56%, and is 30.07% 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 50.86% over the week and 20.68% over the month.
Trio Petroleum Corp (TPET) has around 7 employees, a market worth around $4.07M and $0.14M in sales. Profit margin for the company is -6799.88%. Distance from 52-week low is 34.18% and -92.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-114.54%).
7.0 institutions hold shares in Trio Petroleum Corp (TPET), with institutional investors hold 0.48% of the company’s shares. The shares outstanding are 3.77M, and float is at 2.90M with Short Float at 6.86%. Institutions hold 0.42% of the Float.
Trio Petroleum Corp (TPET) Insider Activity
The most recent transaction is an insider sale by PERNICE THOMAS J, the company’s Director. SEC filings show that PERNICE THOMAS J sold 2,750 shares of the company’s common stock on Dec 09 ’24 at a price of $1.08 per share for a total of $2981.0. Following the sale, the insider now owns 19000.0 shares.
Trio Petroleum Corp disclosed in a document filed with the SEC on Oct 17 ’24 that PERNICE THOMAS J (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Oct 17 ’24 and was made at $0.15 per share for $3838.0. Following the transaction, the insider now directly holds 0.2 million shares of the TPET stock.
Still, SEC filings show that on Oct 17 ’24, PERNICE THOMAS J (Director) Proposed Sale 25,000 shares at an average price of $0.15 for $3750.0. The insider now directly holds shares of Trio Petroleum Corp (TPET).
