Trio Petroleum Corp. (AMEX: TPET) In 2024: Will It Be Worth Investing In?

In the last trading session, 9.83 million shares of the Trio Petroleum Corp. (AMEX:TPET) were traded, and its beta was -8.39. Most recently the company’s share price was $0.17, and it changed around -$0.01 or -5.26% from the last close, which brings the market valuation of the company to $8.61M. TPET currently trades at a discount to its 52-week high of $0.74, offering almost -335.29% off that amount. The share price’s 52-week low was $0.08, which indicates that the current value has risen by an impressive 52.94% since then. We note from Trio Petroleum Corp.’s average daily trading volume that its 10-day average is 7.44 million shares, with the 3-month average coming to 2.85 million.

Trio Petroleum Corp. (AMEX:TPET) trade information

Instantly TPET has showed a red trend with a performance of -5.26% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.2250 on recent trading dayincreased the stock’s daily price by 24.44%. The company’s shares are currently down -44.82% year-to-date, but still up 2.09% over the last five days. On the other hand, Trio Petroleum Corp. (AMEX:TPET) is -9.14% down in the 30-day period. We can see from the shorts that 0.84 million shares have been sold at a short interest cover period of 0.6 day(s).

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TPET Dividends

Trio Petroleum Corp.’s next quarterly earnings report is expected to be released in November.

Trio Petroleum Corp. (AMEX:TPET)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 15.39% of Trio Petroleum Corp. shares, and 1.59% of them are in the hands of institutional investors. The stock currently has a share float of 1.87%.