Why Did Trio Petroleum Soar 27.2%?

On June 13, 2025, Trio Petroleum's stock surged by 27.2% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Trio Petroleum recently announced a 1 for 20 reverse stock split, which means shareholders will now hold 1 share for every 20 shares they previously owned. This move is often undertaken to boost the stock price and attract more investors by making the shares more valuable on a per-share basis.

The company's latest earnings report, filed on June 10, 2025, provided insights into its financial performance. The report, a 10-Q form for the second quarter of 2025, is crucial for investors looking to understand the company's current financial health and future prospects.

Trio Petroleum's negative P/E ratio of -0.28 indicates that the company is currently experiencing financial losses, which is a factor that investors need to consider when evaluating the stock's potential for future growth.