Trio Petroleum (NYSEAMERICAN:TPET) Stock Price Down 6.2% – Should You Sell?

Trio Petroleum Corp. (NYSEAMERICAN:TPET)’s stock price traded down 6.2% during mid-day trading on Thursday . The company traded as low as $1.03 and last traded at $1.06. 249,714 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 467,578 shares. The stock had previously closed at $1.13.

Trio Petroleum Stock Down 2.4 %

Trio Petroleum (NYSEAMERICAN:TPET) last issued its earnings results on Thursday, September 12th. The company reported ($0.80) earnings per share for the quarter. The business had revenue of $0.06 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio Petroleum stock. XTX Topco Ltd lifted its position in Trio Petroleum Corp. (NYSEAMERICAN:TPET) by 567.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,481 shares of the company’s stock after buying an additional 71,826 shares during the quarter. XTX Topco Ltd owned approximately 0.17% of Trio Petroleum worth $26,000 at the end of the most recent quarter. Institutional investors own 0.34% of the company’s stock.

About Trio Petroleum

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.