Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report)’s stock price was down 8.1% during trading on Monday. The stock traded as low as $1.55 and last traded at $1.58. Approximately 307,934 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 217,642 shares. The stock had previously closed at $1.72.
Trio Petroleum Price Performance
The business’s 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $4.20. The stock has a market cap of $9.63 million, a price-to-earnings ratio of -0.66 and a beta of -4.74.
Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported ($0.39) EPS for the quarter. The firm had revenue of $0.35 million during the quarter. Trio Petroleum had a negative net margin of 830.43% and a negative return on equity of 29.90%.
Institutional Trading of Trio Petroleum
A hedge fund recently bought a new position in Trio Petroleum stock. Cygnus Capital Advisors LLC purchased a new position in shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 859,342 shares of the company’s stock, valued at approximately $266,000. Cygnus Capital Advisors LLC owned about 17.47% of Trio Petroleum at the end of the most recent quarter. 0.34% of the stock is currently owned by institutional investors.
About Trio Petroleum
Trio Petroleum Corp. is an independent oil and gas exploration and development company focused on acquiring, evaluating and developing petroleum properties in California. The company’s activities include exploration, drilling, production and the management of oil and natural gas assets.
Trio’s portfolio is centered on properties in California, including the South Salinas Project in Monterey County. The project is located in the Salinas Basin, a region with a history of oil production, and the company has pursued opportunities to assess and develop additional reserves through geological analysis, well work and drilling activities.
Trio Petroleum is listed on the NYSE American under the symbol TPET.
Featured Articles
- Five stocks we like better than Trio Petroleum
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for Trio Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trio Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.
