Trio Petroleum (NYSEAMERICAN:TPET) Shares Up 2.5% – Here’s What Happened

Trio Petroleum Corp. (NYSEAMERICAN:TPET)’s stock price shot up 2.5% during trading on Thursday . The stock traded as high as $0.84 and last traded at $0.82. 324,169 shares were traded during trading, a decline of 67% from the average session volume of 979,371 shares. The stock had previously closed at $0.80.

Trio Petroleum Price Performance

The company has a market capitalization of $10.09 million, a PE ratio of -0.99 and a beta of -5.10. The stock has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.02.

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.