Trio Petroleum Corp (AMEX: TPET): Performance Review And Forecast

In today’s recent session, 15.88 million shares of the Trio Petroleum Corp (AMEX:TPET) have been traded, and its beta is -7.89. Most recently the company’s share price was $2.18, and it changed around $0.4 or 22.75% from the last close, which brings the market valuation of the company to $8.24M. TPET at last check was trading at a discount to its 52-week high of $14.39, offering almost -560.09% off that amount. The share price’s 52-week low was $0.79, which indicates that the recent value has risen by an impressive 63.76% since then. We note from Trio Petroleum Corp’s average daily trading volume that its 10-day average is 12.05 million shares, with the 3-month average coming to 4.63 million.

Trio Petroleum Corp (AMEX:TPET) trade information

Instantly TPET has been showing a green trend so far today with a performance of 22.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.5698 on recent trading dayincreased the stock’s daily price by 15.17%. The company’s shares are currently up 80.58% year-to-date, but still down -2.46% over the last five days. On the other hand, Trio Petroleum Corp (AMEX:TPET) is 163.57% up in the 30-day period. We can see from the shorts that 0.29 million shares have been sold at a short interest cover period of 0.05 day(s).

TPET Dividends

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

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

Upon looking at major shareholders, it appears that insiders hold 11.00% of Trio Petroleum Corp shares, and 0.42% of them are in the hands of institutional investors. The stock currently has a share float of 0.47%.

Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 10.54 shares worth $24886.0, making up 0.28% of all outstanding shares. On the other hand, Fidelity Series Total Market Index Fund held roughly 2.52 shares worth around $5942.0, which represents about 0.07% of the total shares outstanding.