Cygnus Capital Advisors LLC Makes New Investment in Trio Petroleum Corp. $TPET

Cygnus Capital Advisors LLC purchased a new stake in Trio Petroleum Corp. (NYSEAMERICAN:TPET) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 859,342 shares of the company’s stock, valued at approximately $266,000. Cygnus Capital Advisors LLC owned 17.47% of Trio Petroleum as of its most recent SEC filing.

Trio Petroleum Stock Performance

NYSEAMERICAN TPET opened at $1.76 on Tuesday. The company has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $4.45. The company has a market cap of $8.66 million, a P/E ratio of -0.45 and a beta of -4.79. Trio Petroleum Corp. has a 1 year low of $1.68 and a 1 year high of $22.50.

Trio Petroleum (NYSEAMERICAN:TPET) last announced its earnings results on Thursday, June 11th. The company reported ($0.45) EPS for the quarter. The firm had revenue of $0.21 million during the quarter. Trio Petroleum had a negative return on equity of 37.33% and a negative net margin of 934.15%.

Trio Petroleum Company Profile

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.