Trio Petroleum Corp (TPET) Down -92.15% From Its 52-Week High, But Growth Potential Is Changing Over Time

Trio Petroleum Corp (AMEX:TPET) currently has a daily average trading volume of 2.24M but it saw 1300863 shares traded in last market. With a market cap of 4.26M USD, the company’s current market price of $1.13 came rising about 6.60 while comparing to the previous closing price of $1.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.39 and as low as $0.79. In the recent trading on the day, stock has struck highest price mark of $1.05 while lowest mark touched by it was $1.219.

Taking a look at 20-day trading activity of Trio Petroleum Corp (TPET) gives us an average price of $1.0454, while its current price level is -92.15% below from 52-week high level whereas it is 43.04% 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 $1.9143 while that of 200 days or SMA-200 reads an average of $4.1317. A closer look into the stock’s movement over the week reveals that its volatility is standing at 53.50% during that period while stretching the period over a month that decreases to 20.70%. 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 44.48 which implies that the stock is in neutral territory.

Over the week, TPET’s stock price is moving 37.72% up while it is -4.24% when we observe its performance for the past one month. Year-to-date it is -81.77% down and over the past year, the stock is showing a downside performance of -83.38%.

Currently, Trio Petroleum Corp’s total number of outstanding shares is 3.77M. Company’s return on investment (ROI) stands at -114.54% and return on equity (ROE) at -100.62%. Stock’s beta reads -8.25. Stock has a price to book (P/B) ratio of 0.35 while price to sale or P/S ratio amounts to 30.43. Its return on asset (ROA) is -80.78% on average.