Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,475,937 shares, a decline of 42.0% from the April 15th total of 5,996,154 shares. Based on an average trading volume of 6,200,341 shares, the short-interest ratio is presently 0.6 days. Approximately 10.8% of the shares of the company are sold short.
Trio Petroleum Price Performance
Shares of TPET opened at $0.39 on Tuesday. Trio Petroleum has a 1-year low of $0.36 and a 1-year high of $2.50. The stock has a market cap of $13.33 million, a PE ratio of -0.66 and a beta of -4.85. The firm has a fifty day moving average price of $0.76 and a 200 day moving average price of $0.79.
Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter. Trio Petroleum had a negative net margin of 1,312.38% and a negative return on equity of 51.89%. The company had revenue of $0.12 million during the quarter.
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.
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