Trio Petroleum Corp (TPET): The Latest Casualty Of Increased Volatility?

Trio Petroleum Corp (AMEX:TPET) does about 3.67M shares in volume on a normal day but saw 4437712 shares change hands in the recent trading day. The company now has a market cap of 6.20M USD. Its current market price is $0.12, marking a decrease of -3.67% compared to the previous close of $0.13. The 52 week high reached by this stock is $0.72 whilst the lowest price level in 52 weeks is $0.08.

Trio Petroleum Corp (TPET) has a 20-day trading average at $0.1495 and the current price is -82.88% off the 52-week high compared with 53.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1763 and its 200-day simple moving average is $0.2209. If we look at the stock’s price movements over the week, volatility stands at 9.11%, which decreases to 8.65% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.28 to suggest the stock is oversold.

The current price level is -17.58%, -30.13%, and -44.24% away from its SMA20, SMA50, and SMA200 respectively, with the TPET price moving above the 50-day SMA on current market day. Trio Petroleum Corp (TPET) stock is down -12.38% over the week and -31.75% over the past month. Its price is -60.25% year-to-date and -74.98% over the past year.

The company has a return on investment of -114.54% and return on equity of -100.62%. The beta has a value of -8.05. Price to book ratio is 0.77 and price to sales ratio is 44.29.