Why Trio Petroleum (TPET) Stock Is Trading Lower
Why Trio Petroleum (TPET) Stock Is Trading Lower
Trio Petroleum Corp (NASDAQ:TPET) shares are trading lower by 19% to 10 cents Tuesday morning after the company announced a 1-for-20 reverse stock split, approved by its board and shareholders, to take effect on November 14.
三国石油公司（纳斯达克股票代码：TPET）周二上午股价下跌19％，至10美分，此前该公司宣布了经董事会和股东批准的1比20的反向股票拆分，将于11月14日生效。
What To Know: This split will consolidate every 20 shares of common stock into 1 share, affecting all outstanding shares equally. Stockholders' ownership percentages will remain the same, though fractional shares will be rounded up.
须知：此次拆分将把每20股普通股合并为1股，对所有已发行股票产生同等影响。股东的所有权百分比将保持不变，但部分股份将四舍五入。
Adjustments will also be made to Trio's equity awards. The stock will begin trading on a post-split basis on November 15, under the same symbol (TPET) with a new CUSIP number.
还将对Trio的股权奖励进行调整。该股票将于11月15日开始在拆分后的基础上交易，股票代码相同（TPET），并使用新的CUSIP编号。
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According to data from Benzinga Pro, TPET has a 52-week high of $0.72 and a 52-week low of $0.08.
根据Benzinga Pro的数据，TPET的52周高点为0.72美元，52周低点为0.08美元。
