Are Analysts Too Bullish On Trio Petroleum Corp. (TPET)

Trio Petroleum Corp. (AMEX:TPET) currently has a daily average trading volume of 21.64M but it saw 3608526 shares traded in last market. With a market cap of 12.37M USD, the company’s current market price of $0.34 came rising about 3.39 while comparing to the previous closing price of $0.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.35 and as low as $0.08.

Taking a look at 20-day trading activity of Trio Petroleum Corp. (TPET) gives us an average price of $0.3299, while its current price level is -85.74% below from 52-week high level whereas it is 318.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1970 while that of 200 days or SMA-200 reads an average of $0.3852. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.48% during that period while stretching the period over a month that increases to 37.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.86 which implies that the stock is in neutral territory.

Over the week, TPET’s stock price is moving -16.54% down while it is 125.66% when we observe its performance for the past one month. Year-to-date it is 8.13% up and over the past year, the stock is showing a downside performance of -84.41%.

Currently, Trio Petroleum Corp.’s total number of outstanding shares is 31.05M. Company’s return on investment (ROI) stands at -82.08% and return on equity (ROE) at -130.57%. Stock’s beta reads -9.07. Stock has a price to book (P/B) ratio of 1.20. Its return on asset (ROA) is -70.19% on average.