Trio Petroleum Corp (TPET): What Are The Positives?

Trio Petroleum Corp (AMEX:TPET) has a beta value of -7.57 and has seen 1.57 million shares traded in the last trading session. The company, currently valued at $6.56M, closed the last trade at $1.74 per share which meant it gained $0.16 on the day or 10.13% during that session. The TPET stock price is -727.01% off its 52-week high price of $14.39 and 54.6% above the 52-week low of $0.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.85 million shares traded. The 3-month trading volume is 5.70 million shares.

Trio Petroleum Corp (AMEX:TPET) trade information

Sporting 10.13% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TPET stock price touched $1.74 or saw a rise of 46.46%. Year-to-date, Trio Petroleum Corp shares have moved 43.80%, while the 5-day performance has seen it change -2.25%. Over the past 30 days, the shares of Trio Petroleum Corp (AMEX:TPET) have changed 74.00%. Short interest in the company has seen 0.29 million shares shorted with days to cover at 0.05.

Trio Petroleum Corp (TPET) estimates and forecasts

The company’s shares have lost -66.16% over the past 6 months.

TPET Dividends

Trio Petroleum Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 11.00% of the company shares, while shares held by institutions stand at 0.42% with a share float percentage of 0.47%. Investors are also buoyed by the number of investors in a company, with Trio Petroleum Corp having a total of 7.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund . As of Nov 30, 2024 , the former fund manager holds about 0.16% shares in the company for having 10.54 shares of worth $18348.0 while later fund manager owns 2.52 shares of worth $4381.0 as of Nov 30, 2024 , which makes it owner of about 0.04% of company’s outstanding stock.