Triple Energy Limited (TNP) Decline -22.22% on Feb 15

February 15, 2018 - By Migdalia James

Shares of Triple Energy Limited (ASX:TNP) last traded at 0.07, representing a move of -22.22%, or -0.02 per share, on volume of 10,000 shares. After opening the trading day at 0.07, shares of Triple Energy Limited traded in a close range. Triple Energy Limited currently has a total float of 43.20M shares and on average sees 2,468 shares exchange hands each day. The stock now has a 52-week low of 0.07 and high of 0.36.

Why More Investors Are Looking Into S&P/ASX 200 Stocks

Australia takes pride with good corporate governance, which is why it is one of Asia’s fastest growing economies today. A nation’s good corporate governance improves its growth potentials as it lures domestic and foreign investors alike to bank on its equity market. CG Watch, which publishes ranks top Asian markets in terms of corporate governance biannually, has included Australia in its recent list.

The Australian Equity Market

Triple Energy Limited is traded on the The Australian Securities Exchange (ASX) one of the biggest stock exchanges in Asia. And Triple Energy Limited also included in its list. As of May 2014, over 2,000 companies are listed on the ASX, boasting with a total market capitalization of almost A$2 trillion.

One of the benchmark indices in Australia is the S&P/ASX 200, which tracks as much as 200 most actively traded stocks on the ASX.

The S&P/ASX 200

The S&P/ASX 200 carries on from All Ordinaries, which was formed in January 1980 to serve as the main Australian benchmark index, when it was established in April 2000. It had started at 3,133.30 points.

Continuing from the history of All Ordinaries, the S&P/ASX 200 had hit its all-time low of 1,358.50 points in November 1992. Eventually, it was able to recover, hitting its all-time high of 6,828.70 points during the same month in 2007. In February of that year, the S&P/ASX 200 had first reached the 6,000 mark. Investors had flocked the ASX that time, seeking for safe-haven assets in preparation for the Global Financial Crisis of 2008 amid early signs pointing out to its onslaught. Australia have always boasted with a compelling borrowing environment, which is why investors have always relied to its economy for valuable investment growth.

The S&P/ASX 200 is rebalanced quarterly by a panel of five members, the Index Committee. The review happens on the 16th of every quarter-end month— March, June, September, and December. Up to 200 companies make up the S&P/ASX, depending on their liquidity, market capitalization, and other factors. Triple Energy Limited liquidity gives it an ability to perform the obligations with ease.

The S&P/ASX 200 is a free-float market-capitalization-weighted index, which means that stocks are evaluated based on their respective market capitalizations with respect to their share prices. Given this, stocks held by venture capitalists and the government are excluded since they are not often traded on the ASX.

When the components of the S&P/ASX 200 were last reviewed on September 16, six stocks had been removed while six new stocks had been included. Roughly 40% of the index is composed of the financial sector.

The S&P/ASX 200 represents about 80% of the total market valuation on the ASX, which is why it is an important indicator of the Australian economy. Similarly, it has a huge impact on the entire Asian economy.

Investors can surely benefit from the low interest rates and a healthy equity market in Australia. Triple Energy Limited has relatively good liquidity. That being said, investing in ASX stocks is highly recommended for those who are seeking higher near-term and long-term returns alike. Investors prefer the companies like Triple Energy Limited where they can easily see its liquidity ratio.

More notable recent Triple Energy Limited (ASX:TNP) news were published by: which released: “Canacol’s Upside Potential: 50% By 2018, 200% By 2019” on November 03, 2017, also with their article: “Beach Energy Buys Origin’s Lattice in $1.25 Billion Deal” published on September 27, 2017, published: “Renewables generated triple the power of coal in 2017, UK figures show” on December 28, 2017. More interesting news about Triple Energy Limited (ASX:TNP) were released by: and their article: “Skyharbour Option Partner AREVA Resources Canada to Commence 4500m Diamond …” published on January 22, 2018 as well as‘s news article titled: “Gear Energy: Cashing In On An Acquisition” with publication date: August 02, 2017.

Triple Energy Limited, an oil gas company, explores for natural resources. The company has market cap of $3.02 million. It owns an 80% interest in a coal mine gas project in the Heilongjiang province of the People's Republic of China; and interests in gas and oil exploration. It currently has negative earnings. The firm was formerly known as Tango Petroleum Limited and changed its name to Triple Energy Limited in March 2012.

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