Trio Petroleum (NYSEAMERICAN:TPET) Releases Quarterly Earnings Results

Trio Petroleum (NYSEAMERICAN:TPET) posted its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.21 million for the quarter. Trio Petroleum had a negative return on equity of 51.89% and a negative net margin of 1,312.38%.

Trio Petroleum Price Performance

Shares of Trio Petroleum stock opened at $0.34 on Friday. The firm has a market cap of $11.66 million, a P/E ratio of -0.57 and a beta of -4.93. The firm has a 50 day simple moving average of $0.47 and a 200 day simple moving average of $0.71. Trio Petroleum has a fifty-two week low of $0.34 and a fifty-two week high of $2.50.

Trio Petroleum Company Profile

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.