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TPET Retires $1.2M of Convertible Debt, Frees Up Cash Ahead of Alberta Asset Launch
Market Chameleon (Thu, 19-Feb 6:59 AM ET)
TPET Retires $1.2M in Convertible Debt, Setting Stage for Alberta Asset Online Launch
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Company retires remaining Outstanding Convertible Investments
Globe Newswire (Wed, 18-Feb 8:00 AM ET)
Globe Newswire (Thu, 5-Feb 8:00 AM ET)
Trio Petroleum Corp is an oil and gas exploration and development company with operations in Monterey County, California, and Uintah County, Utah. The Company holds a working interest in the South Salinas Project and a mineral leasehold consisting of a largely contiguous land package. The South Salinas Project includes six existing idle wells and one active well (the HV-1 well). Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company.
Trio Petroleum Corp. trades on the AMEX stock market under the symbol TPET.
As of April 2, 2026, TPET stock price climbed to $0.74 with 18,995,418 million shares trading.
TPET has a beta of -0.88, meaning it tends to be less sensitive to market movements. TPET has a correlation of 0.01 to the broad based SPY ETF.
TPET has a market cap of $23.62 million. This is considered a Sub-Micro Cap stock.
The top ETF exchange traded funds that TPET belongs to (by Net Assets): VXF.
TPET has underperformed the market in the last year with a price return of -47.9% while the SPY ETF gained +18.2%. TPET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.8% and -33.4%, respectively, while the SPY returned -3.6% and -0.6%, respectively.
TPET support price is $.59 and resistance is $.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPET shares will trade within this expected range on the day.
