TPET
Price:
$0.0972
Market Cap:
$4.89M
Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company owns an 85.75% working interest in the approximately 9,300-acre South Salinas project located in Monterey, California. It also holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California. The company was incorporated in 2021 and is headquartered in Bakersfield, California.[Read more]
Industry
Oil & Gas Exploration & Production
IPO Date
2023-04-18
Stock Exchange
AMEX
Ticker
TPET
According to Trio Petroleum Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.17. This represents a change of -60.28% compared to the average of 0.43 of the last 4 quarters.
The mean historical Current Ratio of Trio Petroleum Corp. over the last ten years is 0.42. The current 0.17 Current Ratio has changed 4.01% with respect to the historical average. Over the past ten years (40 quarters), TPET's Current Ratio was at its highest in in the July 2023 quarter at 1.98. The Current Ratio was at its lowest in in the October 2021 quarter at 0.
Average
0.42
Median
0.26
Minimum
0.08
Maximum
0.92
Discovering the peaks and valleys of Trio Petroleum Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 250.64%
Maximum Annual Current Ratio = 0.92
Minimum Annual Increase = 0%
Minimum Annual Current Ratio = 0.08
Year | Current Ratio | Change |
---|---|---|
2023 | 0.92 | 250.64% |
2022 | 0.26 | 231.09% |
The current Current Ratio of Trio Petroleum Corp. (TPET) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.42
5-year avg
0.42
10-year avg
0.42
Trio Petroleum Corp.’s Current Ratio is
Company | Current Ratio | Market cap |
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