Weak Fundamental Momentum Pushes Trio Petroleum Corp (TPET) Lower

EVTL

Trio Petroleum Corp (AMEX:TPET) has a beta value of -5.56 and has seen 1.58 million shares traded in the last trading session. The company, currently valued at $10.23M, closed the last trade at $1.36 per share which meant it lost -$0.37 on the day or -21.39% during that session. The TPET stock price is -377.94% off its 52-week high price of $6.50 and 41.91% 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 5.97 million shares traded. The 3-month trading volume is 1.12 million shares.

Trio Petroleum Corp (AMEX:TPET) trade information

Sporting -21.39% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TPET stock price touched $1.36 or saw a rise of 40.61%. Year-to-date, Trio Petroleum Corp shares have moved -70.43%, while the 5-day performance has seen it change 3.82%. Over the past 30 days, the shares of Trio Petroleum Corp (AMEX:TPET) have changed 6.25%. Short interest in the company has seen 0.62 million shares shorted with days to cover at 1.81.

Trio Petroleum Corp (TPET) estimates and forecasts

The company’s shares have gained 65.75% over the past 6 months.

TPET Dividends

Trio Petroleum Corp is expected to release its next earnings report in July 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 6.64% of the company shares, while shares held by institutions stand at 3.69% with a share float percentage of 3.96%. Investors are also buoyed by the number of investors in a company, with Trio Petroleum Corp having a total of 12.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund . As of Mar 31, 2025 , the former fund manager holds about 0.79% shares in the company for having 59.09 shares of worth $80363.0 while later fund manager owns 37.66 shares of worth $51224.0 as of Apr 30, 2025 , which makes it owner of about 0.50% of company’s outstanding stock.

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