Trio Petroleum Corp. (TPET)
Trio Petroleum Corp. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Malibu, CA, US. The stock last traded at $0.25, down 5.07% on the session, giving a market capitalisation of $2.6M. On trailing twelve-month figures it carries a trailing P/E of -0.41, a net margin of -932.7%. Its beta of -4.75 implies it has historically moved less than the broad market.
Trio Petroleum Corp. operates primarily as an enterprise focused on the discovery and extraction of oil and natural gas. The company maintains an 85.75% operational stake in the expansive South Salinas project, which encompasses approximately 9,300 acres situated near Monterey, California. Additionally, Trio Petroleum holds the contractual right to acquire a complete 100% working interest in the Union Avenue Field, located within Bakersfield, California. The firm was established in 2021 and manages its principal operations from its headquarters, also in Bakersfield, California.
Trio Petroleum Corp. is most often compared with the following Energy names: