Trio Petroleum Corp.’s (NYSEAMERICAN:TPET) Lock-Up Period Will End on October 16th

Posted by on Oct 9th, 2023

Trio Petroleum’s (NYSEAMERICAN:TPET – Get Free Report) lock-up period is set to end on Monday, October 16th. Trio Petroleum had issued 2,000,000 shares in its initial public offering on April 18th. The total size of the offering was $6,000,000 based on an initial share price of $3.00. After the expiration of Trio Petroleum’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Trio Petroleum Stock Down 0.3 %

Trio Petroleum stock opened at $0.54 on Monday. Trio Petroleum has a 12-month low of $0.50 and a 12-month high of $3.00.

Trio Petroleum (NYSEAMERICAN:TPET – Get Free Report) last announced its quarterly earnings results on Monday, September 11th. The company reported ($0.08) EPS for the quarter.

Hedge Funds Weigh In On Trio Petroleum

An institutional investor recently bought a new position in Trio Petroleum stock. Walleye Capital LLC acquired a new position in Trio Petroleum Corp. (NYSEAMERICAN:TPET – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 119,000 shares of the company’s stock, valued at approximately $199,000. Walleye Capital LLC owned 0.48% of Trio Petroleum at the end of the most recent reporting period. 6.35% of the stock is currently owned by institutional investors.

Trio Petroleum Company Profile

(Get Free Report)

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company owns an 85.75% working interest in the approximately 9,267-acre South Salinas project located in Monterey County, California. It also holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California.

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