The stock of Trio Petroleum Corp. (TPET) has seen a 1.58% increase in the past week, with a 157.93% gain in the past month, and a 62.75% flourish in the past quarter. The volatility ratio for the week is 13.44%, and the volatility levels for the past 30 days are at 35.23% for TPET. The simple moving average for the last 20 days is 9.83% for TPET’s stock, with a simple moving average of -1.86% for the last 200 days.
Is It Worth Investing in Trio Petroleum Corp. (AMEX: TPET) Right Now?
TPET has 36-month beta value of -9.05.
The public float for TPET is 24.30M, and currently, short sellers hold a 13.54% ratio of that float. The average trading volume of TPET on May 06, 2024 was 20.94M shares.
TPET) stock’s latest price update
Trio Petroleum Corp. (AMEX: TPET)’s stock price has soared by 4.88 in relation to previous closing price of 0.36. Nevertheless, the company has seen a gain of 1.58% in its stock price over the last five trading days. InvestorPlace reported 2024-04-17 that Trio Petroleum (NYSEMKT: TPET ) stock is falling on Wednesday after the oil and gas exploration and development company announced new financing agreements. The first one announced by Trio Petroleum is a securities purchase agreement with an institutional investor.
TPET Trading at 85.49% from the 50-Day Moving Average
After a stumble in the market that brought TPET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.09% of loss for the given period.
Volatility was left at 35.23%, however, over the last 30 days, the volatility rate increased by 13.44%, as shares surge +108.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +243.12% upper at present.
During the last 5 trading sessions, TPET rose by +1.58%, which changed the moving average for the period of 200-days by -66.31% in comparison to the 20-day moving average, which settled at $0.3502. In addition, Trio Petroleum Corp. saw 20.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPET starting from PERNICE THOMAS J, who sale 10,000 shares at the price of $0.33 back on May 01 ’24. After this action, PERNICE THOMAS J now owns 230,000 shares of Trio Petroleum Corp., valued at $3,302 using the latest closing price.
Randall John W., the Director of Trio Petroleum Corp., sale 60,000 shares at $0.13 during a trade that took place back on Feb 09 ’24, which means that Randall John W. is holding 100,000 shares at $7,998 based on the most recent closing price.
Stock Fundamentals for TPET
The total capital return value is set at -0.63. Equity return is now at value -130.57, with -70.19 for asset returns.
Based on Trio Petroleum Corp. (TPET), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at -3.61. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -19.71.
Currently, EBITDA for the company is -4.61 million with net debt to EBITDA at -0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
To put it simply, Trio Petroleum Corp. (TPET) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
