Trio Petroleum (NYSEAMERICAN:TPET) Director John Randall Sells 20,000 Shares of Stock

Trio Petroleum Corp. (NYSEAMERICAN:TPET) Director John Randall sold 20,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $0.64, for a total transaction of $12,800.00. Following the completion of the sale, the director owned 155,500 shares of the company’s stock, valued at approximately $99,520. This represents a 11.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trio Petroleum Price Performance

TPET opened at $0.49 on Wednesday. Trio Petroleum Corp. has a fifty-two week low of $0.46 and a fifty-two week high of $2.29. The firm has a market capitalization of $6.05 million, a P/E ratio of -0.59 and a beta of -5.10. The company’s 50-day moving average is $0.79 and its 200 day moving average is $0.97.

Trio Petroleum Company Profile

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.