Trio Petroleum Corp (AMEX: TPET) has seen a rise in its stock price by 3.40 in relation to its previous close of 1.76. However, the company has experienced a 4.59% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-16 that Bakersfield, CA, Jan. 16, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, announced that as of January 7,2025, the Company had fully repaid senior secured convertible promissory notes with an aggregate principal of $1.6 million (the “Notes”). The Notes were issued in connection with two separate financings funded by two institutional investors (the “Investors”) in in April 2024 and June of 2024.
Is It Worth Investing in Trio Petroleum Corp (AMEX: TPET) Right Now?
Moreover, the 36-month beta value for TPET is -7.74.
The public float for TPET is 3.19M and currently, short sellers hold a 5.21% of that float. On February 03, 2025, TPET’s average trading volume was 5.79M shares.
TPET’s Market Performance
TPET stock saw an increase of 4.59% in the past week, with a monthly gain of 50.40% and a quarterly increase of -41.86%. The volatility ratio for the week is 13.26%, and the volatility levels for the last 30 days are 24.93% for Trio Petroleum Corp (TPET). The simple moving average for the last 20 days is -0.20% for TPET stock, with a simple moving average of -55.25% for the last 200 days.
TPET Trading at 31.19% 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 -87.36% of loss for the given period.
Volatility was left at 24.93%, however, over the last 30 days, the volatility rate increased by 13.26%, as shares surge +53.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.50% upper at present.
During the last 5 trading sessions, TPET rose by +3.45%, which changed the moving average for the period of 200-days by -49.92% in comparison to the 20-day moving average, which settled at $1.8225. In addition, Trio Petroleum Corp saw 50.40% 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 1,250 shares at the price of $1.73 back on Jan 15 ’25. After this action, PERNICE THOMAS J now owns 17,750 shares of Trio Petroleum Corp, valued at $2,162 using the latest closing price.
PERNICE THOMAS J, the Director of Trio Petroleum Corp, sale 2,750 shares at $1.08 during a trade that took place back on Dec 09 ’24, which means that PERNICE THOMAS J is holding 19,000 shares at $2,981 based on the most recent closing price.
Stock Fundamentals for TPET
Current profitability levels for the company are sitting at:
- -29.16 for the present operating margin
- 0.99 for the gross margin
The net margin for Trio Petroleum Corp stands at -45.15. The total capital return value is set at -0.68. Equity return is now at value -102.38, with -82.47 for asset returns.
Based on Trio Petroleum Corp (TPET), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -4.38. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -2.93.
Currently, EBITDA for the company is -7.51 million with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 33.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To wrap up, the performance of Trio Petroleum Corp (TPET) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
