Trio Petroleum Corp (AMEX: TPET) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Trio Petroleum Corp is listed on the AMEX as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Trio Petroleum Corp is $4.41M. A total of 1.12 million shares were traded on the day, compared to an average of 2.42M shares.

In the most recent transaction, PERNICE THOMAS J sold 2,750 shares of TPET for 1.08 per share on Dec 09 ’24. After the transaction, the Director now owns 19,000 company shares. In a previous transaction on Oct 17 ’24, PERNICE THOMAS J sold 25,000 shares at 0.15 per share. TPET shares that Director owns now total 195,000.

Among the insiders who bought shares, PERNICE THOMAS J acquired of 25,000 shares on Oct 17 ’24 at a per-share price of $0.15. In another insider transaction, Randall John W. sold 30,000 shares at $0.30 per share on Jun 18 ’24. Company shares held by the Director now total 70,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, TPET has a high of $14.39 and a low of $0.79.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TPET’s latest balance sheet shows that the firm has $78.88k in Cash & Short Term Investments as of fiscal 2021. There were $3.66M in debt and $3.68M in liabilities at the time. Its Book Value Per Share was $3.21, while its Total Shareholder’s Equity was $4.05M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock.

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