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A Tale of Resilience: Trio Petroleum Corp. Amid Stock Market Turbulence

52-week price history of TPET Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Trio Petroleum Corp.’s current trading price is -96.56% away from its 52-week high, while its distance from the 52-week low is 28.96%. The stock’s price range during this period has fluctuated between $0.08 and $3.00. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 18.49 million for the day, which was evidently higher than the average daily volume of 2.38 million over the last three months.

Financial Performance and Market Capitalization

Trio Petroleum Corp. (TPET) has experienced a quarterly decline of -67.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.81M and boasts a workforce of 7 employees.

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Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2250, with a change in price of -0.3088. Similarly, Trio Petroleum Corp. recorded 1,822,177 in trading volume during the last 100 days, posting a change of -74.93%.

TPET Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for TPET stands at 0.14. Similarly, the long-term debt-to-equity ratio is also 0.00.

TPET Stock Stochastic Average

The raw stochastic average for Trio Petroleum Corp. over the last 50 days is presently at 9.28%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 33.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 15.97% and 9.50%, respectively.

TPET Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -66.67%. However, over the past six months, we’ve seen a stronger performance of -82.55%. The price of TPET fallen by 7.49% over the last 30 days. And in the last five days, it has surged by 5.41%.

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