Trio Petroleum Corp’s filing revealed that its Director PERNICE THOMAS J unloaded Company’s shares for reported $3838.0 on Oct 17 ’24. In the deal valued at $0.15 per share,25,000 shares were sold. As a result of this transaction, PERNICE THOMAS J now holds 195,000 shares worth roughly $0.26 million.
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Then, PERNICE THOMAS J bought 25,000 shares, generating $3,750 in total proceeds.
Before that, Randall John W. sold 30,000 shares. Trio Petroleum Corp shares valued at $9,024 were divested by the Director at a price of $0.30 per share. As a result of the transaction, Randall John W. now holds 70,000 shares, worth roughly $93800.0.
Price Performance Review of TPET
On Friday, Trio Petroleum Corp [AMEX:TPET] saw its stock jump 14.53% to $1.34. Over the last five days, the stock has lost -15.25%. Trio Petroleum Corp shares have fallen nearly -78.38% since the year began. Nevertheless, the stocks have fallen -81.33% over the past one year. While a 52-week high of $14.39 was reached on 04/15/24, a 52-week low of $1.12 was recorded on 11/21/24. SMA at 50 days reached $3.0765, while 200 days put it at $4.3249.
Levels Of Support And Resistance For TPET Stock
The 24-hour chart illustrates a support level at 1.1953, which if violated will result in even more drops to 1.0507. On the upside, there is a resistance level at 1.4173. A further resistance level may holdings at 1.4947. The Relative Strength Index (RSI) on the 14-day chart is 22.73, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.7814, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.43%. Stochastics %K at 5.81% 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 2024-10-31, growing by 54352.0 shares to a total of 84529.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 30177.0 shares. There was a rise of 64.3%, which implies that there is a positive sentiment for the stock.
