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 ROE as of September 2024 (TTM) for Trio Petroleum Corp. (TPET) is -101.08%

According to Trio Petroleum Corp.’s latest financial reports and current stock price. The company's current ROE is -101.08%. This represents a change of 300.65% compared to the average of -25.23% of the last 4 quarters.

Trio Petroleum Corp. (TPET) Historical ROE (quarterly & annually)

How has TPET ROE performed in the past?

The mean historical ROE of Trio Petroleum Corp. over the last ten years is -69.75%. The current -101.08% ROE has changed 44.91% with respect to the historical average. Over the past ten years (40 quarters), TPET's ROE was at its highest in in the October 2021 quarter at 0%. The ROE was at its lowest in in the April 2022 quarter at -48.42%.

Quarterly (TTM)
Annual

Average

-69.75%

Median

-67.17%

Minimum

-139.56%

Maximum

-2.52%

Trio Petroleum Corp. (TPET) ROE by Quarter and Year

Discovering the peaks and valleys of Trio Petroleum Corp. ROE, 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 = 5.44%

Maximum Annual ROE = -2.52%

Minimum Annual Increase = -51.87%

Minimum Annual ROE = -139.56%

Quarterly (TTM)
Annual
YearROEChange
2023-67.17%-51.87%
2022-139.56%5.44%

Trio Petroleum Corp. (TPET) Average ROE

How has TPET ROE performed in the past?

The current ROE of Trio Petroleum Corp. (TPET) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-69.75%

5-year avg

-69.75%

10-year avg

-69.75%

Trio Petroleum Corp. (TPET) ROE vs. Peers

How is TPET’s ROE compared to its peers?

Trio Petroleum Corp.’s ROE is

CompanyROEMarket cap

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