Shares of Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report) rose 6.1% on Monday . The company traded as high as $0.3879 and last traded at $0.3767. Approximately 12,838,250 shares changed hands during trading, an increase of 449% from the average daily volume of 2,340,215 shares. The stock had previously closed at $0.3550.
Trio Petroleum Trading Up 12.6%
The business’s fifty day simple moving average is $0.49 and its two-hundred day simple moving average is $0.72.
Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.10) earnings per share for the quarter. Trio Petroleum had a negative return on equity of 51.89% and a negative net margin of 1,312.38%.The company had revenue of $0.12 million for the quarter.
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.
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