Trio Petroleum (NYSEMKT:TPET) Stock Price Down 5% – What’s Next?

Shares of Trio Petroleum Corp. (NYSEMKT:TPETGet Free Report) were down 5% during trading on Thursday . The stock traded as low as $1.01 and last traded at $0.9780. Approximately 198,879 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,717,439 shares. The stock had previously closed at $1.03.

Trio Petroleum Stock Performance

The company has a market cap of $8.26 million, a price-to-earnings ratio of -1.55 and a beta of -5.25. The company’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.16.

Trio Petroleum Company Profile

(Get Free Report)

We are an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California. The Company was incorporated on July 19, 2021, under the laws of Delaware to acquire, fund and develop oil exploration and production assets in California.

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