Trio Petroleum (NYSEAMERICAN:TPET) Stock Price Down 3.4% – Here’s Why

Trio Petroleum Corp. (NYSEAMERICAN:TPETGet Free Report) fell 3.4% during mid-day trading on Tuesday . The company traded as low as $0.8075 and last traded at $0.8201. 203,376 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 325,497 shares. The stock had previously closed at $0.8494.

Trio Petroleum Trading Down 3.4%

The company’s 50-day simple moving average is $0.91 and its 200-day simple moving average is $1.08. The stock has a market capitalization of $6.92 million, a price-to-earnings ratio of -0.19 and a beta of -5.15.

Trio Petroleum Company Profile

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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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