Trio Petroleum Corp. (AMEX:TPET) shares traded -12.10% lower at $0.32 on Wall Street last session.
TPET stock price is now 4.81% away from the 50-day moving average and -1.32% away from the 200-day moving average. The market capitalization of the company currently stands at $11.67M.
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In other news, PERNICE THOMAS J, Director sold 10,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $2,270 at an average price of $0.23. Upon completion of the transaction, the Director now directly owns 220,000 shares in the company, valued at $70400.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Director PERNICE THOMAS J sold 10,000 shares of the business’s stock. A total of $3,302 was realized by selling the stock at an average price of $0.33. This leaves the insider owning 230,000 shares of the company worth $73600.0. A total of 34.13% of the company’s stock is owned by insiders.
During the past 12 months, Trio Petroleum Corp. has had a low of $0.08 and a high of $1.97. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 0.25, and a quick ratio of 0.25. The fifty day moving average price for TPET is $0.30164 and a two-hundred day moving average price translates $0.32038 for the stock.
The latest earnings results from Trio Petroleum Corp. (AMEX: TPET) was released for 2024-01-31. The company reported revenue of $1.44 million for the quarter, compared to $0.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 767.47 percent.
