Intel stock extends gains after report of possible U.S. government stake
Director John W. Randall of Trio Petroleum Corp (NASDAQ:TPET) sold 12,000 shares of common stock on June 25, 2025, for $1.2455, totaling $14,946. The transaction comes as TPET shares have declined 81.9% over the past year, with the stock now trading at $1.08. According to InvestingPro analysis, the company appears undervalued despite maintaining impressive gross profit margins of 94.69%.
On August 1, 2025, Randall acquired 175,000 shares of restricted stock. These shares were awarded under the 2022 Equity Incentive Plan and vested upon issuance.
Following these transactions, Randall directly owns 179,000 shares of Trio Petroleum Corp.
In other recent news, Trio Petroleum Corp. announced changes in its executive team and compensation structure. Stanford Eschner resigned from his positions as Vice Chairman and director, a decision that the company clarified was not due to any disagreements with management or the board. Following his resignation, Eschner will continue to work with Trio Petroleum as a consultant until the end of the year. For his consulting services, he will receive a monthly payment of $4,267 and a one-time grant of 15,000 shares under the company’s 2022 Equity Incentive Plan. These developments were disclosed in a press release tied to a recent SEC filing.
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