In a filing, Trio Petroleum Corp. revealed its Director Randall John W. unloaded Company’s shares for reported $9024.0 on Jun 18 ’24. In the deal valued at $0.30 per share,30,000 shares were sold. As a result of this transaction, Randall John W. now holds 70,000 shares worth roughly $17500.0.
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Then, Ingriselli Frank C sold 210,000 shares, generating $57,330 in total proceeds. Upon selling the shares at $0.27, the Former Director now owns 47,000 shares.
Before that, Ingriselli Frank C sold 190,000 shares. Trio Petroleum Corp. shares valued at $51,680 were divested by the Former Director at a price of $0.27 per share. As a result of the transaction, Ingriselli Frank C now holds 0 shares, worth roughly $0.0.
Price Performance Review of TPET
On Monday, Trio Petroleum Corp. [AMEX:TPET] saw its stock jump 1.57% to $0.25. Over the last five days, the stock has lost -0.49%. Trio Petroleum Corp. shares have fallen nearly -20.68% since the year began. Nevertheless, the stocks have fallen -52.73% over the past one year. While a 52-week high of $0.74 was reached on 04/15/24, a 52-week low of $0.08 was recorded on 03/27/24. SMA at 50 days reached $0.2679, while 200 days put it at $0.2547.
Levels Of Support And Resistance For TPET Stock
The 24-hour chart illustrates a support level at 0.2402, which if violated will result in even more drops to 0.2346. On the upside, there is a resistance level at 0.2532. A further resistance level may holdings at 0.2606. The Relative Strength Index (RSI) on the 14-day chart is 46.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0143, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.87%. Stochastics %K at 17.69% indicates the stock is a buying.
How much short interest is there in Trio Petroleum Corp.?
A steep rise in short interest was recorded in Trio Petroleum Corp. stocks on 2024-07-31, growing by 0.12 million shares to a total of 0.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.41 million shares. There was a rise of 23.4%, which implies that there is a positive sentiment for the stock.
