Streetbeat News

TPET

Trio Petroleum Corp.

Industry

Oil & Gas Exploration & Production

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company owns an 85.75% working interest in the approximately 9,300-acre South Salinas project located in Monterey, California. It also holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California. The company was incorporated in 2021 and is headquartered in Bakersfield, California.

Open

1.71

Mkt cap

4.3M

Volume

698K

High

2.25

P/E Ratio

-0.36

52-wk high

2.25

Low

1.42

Div yield

N/A

52-wk low

0.08

U.S. stocks traded mixed with the Nasdaq Composite gaining around 100 points. CoreCivic shares plummeted after receiving a termination notice from ICE. Calavo Growers reported strong Q2 results, boosting its stock. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality and Barnes & Noble Education experienced sharp declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 6:31 pm

Trio Petroleum Corp. (NYSE:TPET) shares surged 62% after announcing the successful completion of its first two exploratory wells in Utah. The company projects significant oil recovery and plans further expansion.

Portfolio Pulse from Dylan Berman

June 11, 2024 | 6:02 pm

Shares of Contango Ore, Inc. (NYSE:CTGO) fell sharply by 18.4% after the company announced a $15 million underwritten public offering. Other notable stock movements include Trio Petroleum Corp. (NYSE:TPET) jumping 88.2% after completing its first two exploratory wells, and Airship AI Holdings, Inc. (NASDAQ:AISP) climbing 32.5% following a contract award from the Department of Justice.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 5:54 pm

U.S. stocks traded lower with the Dow Jones falling over 200 points. Yext shares dropped 5% after disappointing Q1 results and weak Q2 guidance. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality, Barnes & Noble Education, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 4:12 pm

U.S. stocks traded lower with the Dow Jones falling over 200 points. The NFIB Small Business Optimism Index rose to 90.5 in May. Trio Petroleum, Nauticus Robotics, and Airship AI Holdings saw significant gains, while Target Hospitality, Big Tree Cloud Holdings, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 1:41 pm

Trio Petroleum Corp shares are trading higher after the company completed its first two exploratory wells.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:18 pm

Trio Petroleum Corp (NYSE American: TPET) has successfully completed its first two exploratory wells in Uintah County, Utah. The HSO 8-4 well discovered over 100 feet of oil-bearing pay zone in the Rimrock Sandstone, while the HSO 2-4 well discovered over 120 feet in the Rimrock Sandstone and 69 feet in the Asphalt Ridge Sandstone.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:15 pm

The article highlights the performance of various energy stocks during Wednesday's after-market session. Notable gainers include Tellurian, KNOT Offshore Partners, and San Juan Basin Royalty, while Dorian LPG and Borr Drilling were among the losers.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 8:31 pm

Trio Petroleum (NYSE:TPET) has seen a significant rise in short interest, with a 2578.95% increase since its last report. The company now has 3.29 million shares sold short, representing 10.18% of its float. This high short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 4:00 pm

Trio Petroleum's stock is trading higher following the announcement of the commencement of oil sales from its California assets.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:05 pm

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