Shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.68 and traded as high as $1.72. Trio Petroleum shares last traded at $1.69, with a volume of 154,779 shares.
Trio Petroleum Price Performance
The company has a fifty day moving average price of $1.68 and a 200 day moving average price of $3.87. The stock has a market cap of $8.99 million, a P/E ratio of -0.62 and a beta of -4.78.
Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported ($0.39) EPS for the quarter. Trio Petroleum had a negative return on equity of 29.90% and a negative net margin of 830.43%. The company had revenue of $0.35 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Trio Petroleum stock. Cygnus Capital Advisors LLC bought a new stake in shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 859,342 shares of the company’s stock, valued at approximately $266,000. Cygnus Capital Advisors LLC owned approximately 17.47% of Trio Petroleum as of its most recent SEC filing. 0.34% of the stock is currently owned by hedge funds and other institutional investors.
About Trio Petroleum
Trio Petroleum Corp. is an independent oil and gas exploration and development company focused on acquiring, evaluating and developing petroleum properties in California. The company’s activities include exploration, drilling, production and the management of oil and natural gas assets. Trio’s portfolio is centered on properties in California, including the South Salinas Project in Monterey County. The project is located in the Salinas Basin, a region with a history of oil production, and the company has pursued opportunities to assess and develop additional reserves through geological analysis, well work and drilling activities.
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