The market performance of Trio Petroleum Corp’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $0.72 on 04/15/24, while the lowest value for the same duration was $0.08 on 03/27/24.
52-week price history of TPET Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Trio Petroleum Corp’s current trading price is -86.09% away from its 52-week high, while its distance from the 52-week low is 24.97%. The stock’s price range during the 52-week period has remained between $0.08 and $0.72. In the Energy sector, the company’s shares saw a trading volume of around 4.58 million for the day, which was evidently higher than the average daily volume of 3.77 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Trio Petroleum Corp (TPET) has experienced a quarterly decline of -63.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.04M and boasts a workforce of 7 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2195, with a change in price of -0.2038. Similarly, Trio Petroleum Corp recorded 3,109,533 in trading volume during the last 100 days, posting a change of -66.84%.
Examining TPET’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TPET stands at 0.19. Similarly, the long-term debt-to-equity ratio is also 0.00.
TPET Stock Stochastic Average
Trio Petroleum Corp’s raw stochastic average for the past 50 days is presently 0.95%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 1.99%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 15.94% and 14.66%, respectively.
TPET Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -67.70%. However, over the past six months, we’ve seen a stronger performance of -72.29%. The price of TPET leaped by -44.39% over the last 30 days. And in the last five days, it has fallen by -24.45%.
