Trio Petroleum Corp.

Trio Petroleum Corp.verified

TPET

Price:

$0.1952

Market Cap:

$9.82M

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

The Current Ratio as of September 2024 (TTM) for Trio Petroleum Corp. (TPET) is 0.17

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.

Trio Petroleum Corp. (TPET) Historical Current Ratio (quarterly & annually)

How has TPET Current Ratio performed in the past?

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.

Quarterly (TTM)
Annual

Average

0.42

Median

0.26

Minimum

0.08

Maximum

0.92

Trio Petroleum Corp. (TPET) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.92250.64%
20220.26231.09%

Trio Petroleum Corp. (TPET) Average Current Ratio

How has TPET Current Ratio performed in the past?

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. (TPET) Current Ratio vs. Peers

How is TPET’s Current Ratio compared to its peers?

Trio Petroleum Corp.’s Current Ratio is

CompanyCurrent RatioMarket cap

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