Canadian Overseas Petroleum Limited

Canadian Overseas Petroleum Limitedverified

VELXF

Price:

$0.0011

Market Cap:

$14.91M

Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. The company is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2018-11-28

Stock Exchange

PNK

Ticker

VELXF

The Current Ratio as of September 2024 (TTM) for Canadian Overseas Petroleum Limited (VELXF) is 0.19

According to Canadian Overseas Petroleum Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.19. This represents a change of -65.51% compared to the average of 0.55 of the last 4 quarters.

Canadian Overseas Petroleum Limited (VELXF) Historical Current Ratio (quarterly & annually)

How has VELXF Current Ratio performed in the past?

The mean historical Current Ratio of Canadian Overseas Petroleum Limited over the last ten years is 2.09. The current 0.19 Current Ratio has changed 799.96% with respect to the historical average. Over the past ten years (40 quarters), VELXF's Current Ratio was at its highest in in the December 2018 quarter at 6.34. The Current Ratio was at its lowest in in the March 2020 quarter at 0.07.

Quarterly (TTM)
Annual

Average

2.09

Median

1.58

Minimum

0.12

Maximum

6.34

Canadian Overseas Petroleum Limited (VELXF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Canadian Overseas Petroleum Limited 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 = 153.71%

Maximum Annual Current Ratio = 6.34

Minimum Annual Increase = -98.07%

Minimum Annual Current Ratio = 0.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.4872.86%
20210.2823.43%
20200.2283.57%
20190.12-98.07%
20186.3477.59%
20173.5719.69%
20162.9878.12%
20151.67-55.61%
20143.77153.71%
20131.49-1.61%

Canadian Overseas Petroleum Limited (VELXF) Average Current Ratio

How has VELXF Current Ratio performed in the past?

The current Current Ratio of Canadian Overseas Petroleum Limited (VELXF) 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

0.33

5-year avg

1.49

10-year avg

2.09

Canadian Overseas Petroleum Limited (VELXF) Current Ratio vs. Peers

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

Canadian Overseas Petroleum Limited’s Current Ratio is less than Lucero Energy Corp. (0), less than ShaMaran Petroleum Corp. (1.89), less than Africa Energy Corp. (4.05), less than SandRidge Mississippian Trust I (0.24), greater than Questerre Energy Corporation (0), less than Orca Energy Group Inc. (2.89), less than Petrus Resources Ltd. (2.16), less than Inpex Corporation (0.31), less than Coelacanth Energy Inc. (1.17), less than Melbana Energy Limited (11.87), less than Invictus Energy Limited (0), less than Pancontinental Energy NL (0.41), less than Japan Petroleum Exploration Co., Ltd. (0), less than Spartan Delta Corp. (21.56), less than null (2.79), less than null (0.93),

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