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Barchart
Barchart
Aditya Raghunath

This Penny Oil Stock Just Tripled. Is It Too Late to Buy?

Generally, major oil companies dominate stock market headlines, but Trio Petroleum (TPET) is one micro-cap energy stock that has caught the attention of aggressive growth investors in late 2024. Valued at a market cap of less than $3 million, Trio Petroleum is an oil and gas exploration company that saw its price more than triple in a single trading session last week. 

Despite the recent uptick in share prices, Trio Petroleum stock trades 90% below its all-time highs and has significantly underperformed the broader market since going public in April 2023.

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