Trio Petroleum Corp. (NYSEAMERICAN:TPET – Get Free Report) dropped 7.5% on Tuesday . The company traded as low as $0.26 and last traded at $0.26. Approximately 1,628,514 shares changed hands during trading, a decline of 89% from the average daily volume of 14,221,789 shares. The stock had previously closed at $0.29.
Trio Petroleum Trading Up 5.6 %
The company has a market capitalization of $14.82 million, a price-to-earnings ratio of -1.13 and a beta of -9.09.
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.
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