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Trio Petroleum Corp. [TPET] Insider Activity: An Update for Investors

Trio Petroleum Corp.’s filing revealed that its Former Director Ingriselli Frank C unloaded Company’s shares for reported $57330.0 on Jul 03 ’24. In the deal valued at $0.27 per share,210,000 shares were sold. As a result of this transaction, Ingriselli Frank C now holds 47,000 shares worth roughly $13629.999999999998.

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Then, Ingriselli Frank C sold 190,000 shares, generating $51,680 in total proceeds. Upon selling the shares at $0.27, the Former Director now owns 0 shares.

Before that, PERNICE THOMAS J sold 10,000 shares. Trio Petroleum Corp. shares valued at $3,110 were divested by the Director at a price of $0.31 per share. As a result of the transaction, PERNICE THOMAS J now holds 210,000 shares, worth roughly $60899.99999999999.

Price Performance Review of TPET

On Monday, Trio Petroleum Corp. [AMEX:TPET] saw its stock jump 19.13% to $0.29. Over the last five days, the stock has gained 15.45%. Trio Petroleum Corp. shares have fallen nearly -5.74% since the year began. Nevertheless, the stocks have fallen -60.36% over the past one year. While a 52-week high of $0.97 was reached on 04/15/24, a 52-week low of $0.08 was recorded on 03/27/24. SMA at 50 days reached $0.2694, while 200 days put it at $0.2653. A total of 18.31 million shares were traded, compared to the trading of 1.98 million shares in the previous session.

Levels Of Support And Resistance For TPET Stock

The 24-hour chart illustrates a support level at 0.2522, which if violated will result in even more drops to 0.2124. On the upside, there is a resistance level at 0.3143. A further resistance level may holdings at 0.3366. The Relative Strength Index (RSI) on the 14-day chart is 59.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0072, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.17%. Stochastics%K at 52.85% indicates the stock is a holding.

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