Short Interest in Trio Petroleum Corp. (NYSEAMERICAN:TPET) Decreases By 42.0%

Trio Petroleum Corp. (NYSEAMERICAN:TPET) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,475,937 shares, a decline of 42.0% from the April 15th total of 5,996,154 shares. Based on an average trading volume of 6,200,341 shares, the short-interest ratio is currently 0.6 days. Approximately 10.8% of the company’s stock are short sold.

Trio Petroleum Price Performance

NYSEAMERICAN:TPET traded down $0.02 during mid-day trading on Monday, hitting $0.39. 2,947,372 shares of the company’s stock were exchanged, compared to its average volume of 4,688,098. Trio Petroleum has a one year low of $0.36 and a one year high of $2.50. The business has a fifty day moving average price of $0.76 and a 200 day moving average price of $0.79. The company has a market cap of $13.33 million, a PE ratio of -0.66 and a beta of -4.85.

Trio Petroleum (NYSEAMERICAN:TPET) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.10) EPS for the quarter. Trio Petroleum had a negative return on equity of 51.89% and a negative net margin of 1,312.38%.The business had revenue of $0.12 million for the quarter.

Trio Petroleum Company Profile

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.