Trio Petroleum Corp. (AMEX: TPET) Drops -29.51% Over A Month, But Analysts Still See Upside Potential

Trio Petroleum Corp. (AMEX:TPET) currently has a daily average trading volume of 3.57M but it saw 1785644 shares traded in last market. With a market cap of 6.49M USD, the company’s current market price of $0.13 came falling about -2.64 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.74 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.125 while lowest mark touched by it was $0.1322.

Taking a look at 20-day trading activity of Trio Petroleum Corp. (TPET) gives us an average price of $0.1545, while its current price level is -82.57% below from 52-week high level whereas it is 61.05% 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 $0.1810 while that of 200 days or SMA-200 reads an average of $0.2219. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.27% during that period while stretching the period over a month that increases to 8.59%. 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 30.52 which implies that the stock is in neutral territory.

Over the week, TPET’s stock price is moving -8.96% down while it is -29.51% when we observe its performance for the past one month. Year-to-date it is -58.37% down and over the past year, the stock is showing a downside performance of -79.15%.

Currently, Trio Petroleum Corp.’s total number of outstanding shares is 50.33M. Company’s return on investment (ROI) stands at -114.54% and return on equity (ROE) at -100.62%. Stock’s beta reads -8.63. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 46.38. Its return on asset (ROA) is -80.78% on average.