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Insider Sale Alert: Trio Petroleum Corp. [TPET] – Is it Time to sell?

In a filing, Trio Petroleum Corp. revealed its Director PERNICE THOMAS J unloaded Company’s shares for reported $3302.0 on May 01 ’24. In the deal valued at $0.33 per share,10,000 shares were sold. As a result of this transaction, PERNICE THOMAS J now holds 230,000 shares worth roughly $80500.0.

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Then, Randall John W. sold 60,000 shares, generating $7,998 in total proceeds. Upon selling the shares at $0.13, the Director now owns 100,000 shares.

Before that, Ingriselli Frank C sold 137,296 shares. Trio Petroleum Corp. shares valued at $33,775 were divested by the Director at a price of $0.25 per share. As a result of the transaction, Ingriselli Frank C now holds 100,000 shares, worth roughly $35000.0.

Price Performance Review of TPET

On Monday, Trio Petroleum Corp. [AMEX:TPET] saw its stock fall -2.67% to $0.35. Over the last five days, the stock has lost -11.34%. Trio Petroleum Corp. shares have risen nearly 13.00% since the year began. Nevertheless, the stocks have fallen -80.97% over the past one year. While a 52-week high of $2.35 was reached on 04/15/24, a 52-week low of $0.08 was recorded on 03/27/24. SMA at 50 days reached $0.2378, while 200 days put it at $0.3608. A total of 2.54 million shares were traded, compared to the trading of 2.28 million shares in the previous session.

Levels Of Support And Resistance For TPET Stock

The 24-hour chart illustrates a support level at 0.3405, which if violated will result in even more drops to 0.3308. On the upside, there is a resistance level at 0.3654. A further resistance level may holdings at 0.3806. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0005, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.06%. Stochastics %K at 30.45% indicates the stock is a holding.

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