Trio Petroleum (NYSEAMERICAN:TPET) Trading Down 3.4% – Time to Sell?
by Michael Walen · The Markets DailyTrio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report)’s share price was down 3.4% during trading on Tuesday . The stock traded as low as $0.8075 and last traded at $0.8201. Approximately 203,376 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 325,497 shares. The stock had previously closed at $0.8494.
Trio Petroleum Trading Down 3.2%
The stock has a market capitalization of $6.70 million, a PE ratio of -0.18 and a beta of -5.15. The firm’s fifty day moving average price is $0.90 and its two-hundred day moving average price is $1.08.
About Trio Petroleum
Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.