The stock of Trio Petroleum Corp (TPET) has seen a 121.74% increase in the past week, with a 152.48% gain in the past month, and a -30.33% decrease in the past quarter. The volatility ratio for the week is 37.68%, and the volatility levels for the past 30 days are at 26.75% for TPET. The simple moving average for the last 20 days is 107.24% for TPET’s stock, with a simple moving average of -37.69% for the last 200 days.
Is It Worth Investing in Trio Petroleum Corp (AMEX: TPET) Right Now?
The 36-month beta value for TPET is at -8.33.
The public float for TPET is 2.90M, and currently, shorts hold a 10.01% of that float. The average trading volume for TPET on January 13, 2025 was 4.27M shares.
TPET) stock’s latest price update
Trio Petroleum Corp (AMEX: TPET)’s stock price has soared by 32.81 in relation to previous closing price of 1.92. Nevertheless, the company has seen a gain of 121.74% in its stock price over the last five trading days. globenewswire.com reported 2024-12-04 that Company Details Plans to Increase Production and Cash Flow Bakersfield, CA, Dec. 04, 2024 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (“Trio” or the “Company”), a California-based oil and gas company, today provided an update on operational activities the Company is taking to increase oil production and cash flow at the McCool Ranch Oilfield in Monterey County, California. Oil production has been stable for a number of months at about 10 to 20 BOPD from the HH-1 and 35X wells collectively and we are actively looking into the best course of action to increase oil production and cash flow while containing costs, including resuming cyclic-steam operations at these two wells, and also by restarting production from three additional wells – the 58X, HH-3 and HH-4.
TPET Trading at 63.72% 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 -82.28% of loss for the given period.
Volatility was left at 26.75%, however, over the last 30 days, the volatility rate increased by 37.68%, as shares surge +153.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.98% lower at present.
During the last 5 trading sessions, TPET rose by +118.26%, which changed the moving average for the period of 200-days by +14.51% in comparison to the 20-day moving average, which settled at $1.2284. In addition, Trio Petroleum Corp saw 110.74% 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 2,750 shares at the price of $1.08 back on Dec 09 ’24. After this action, PERNICE THOMAS J now owns 19,000 shares of Trio Petroleum Corp, valued at $2,981 using the latest closing price.
PERNICE THOMAS J, the Director of Trio Petroleum Corp, sale 25,000 shares at $0.15 during a trade that took place back on Oct 17 ’24, which means that PERNICE THOMAS J is holding 195,000 shares at $3,838 based on the most recent closing price.
Stock Fundamentals for TPET
Current profitability levels for the company are sitting at:
- -45.34 for the present operating margin
- 0.98 for the gross margin
The net margin for Trio Petroleum Corp stands at -68.0. The total capital return value is set at -0.76. Equity return is now at value -100.62, with -80.78 for asset returns.
Based on Trio Petroleum Corp (TPET), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.87. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -3.32.
Currently, EBITDA for the company is -5.75 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 79.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In conclusion, Trio Petroleum Corp (TPET) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
