Trio Petroleum (NYSEAMERICAN:TPET) Announces Earnings Results

Trio Petroleum (NYSEAMERICAN:TPET) issued its quarterly earnings data on Thursday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. The business had revenue of $0.21 million during the quarter. Trio Petroleum had a negative return on equity of 55.70% and a negative net margin of 934.15%.

Trio Petroleum Price Performance

NYSEAMERICAN TPET opened at $0.33 on Friday. Trio Petroleum has a 1 year low of $0.31 and a 1 year high of $2.50. The company has a market cap of $11.05 million, a price-to-earnings ratio of -0.76 and a beta of -4.93. The stock’s fifty day moving average price is $0.46 and its 200 day moving average price is $0.71.

About Trio Petroleum

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California.