Tethys Petroleum Hits Day High with Strong 11.33% Intraday Surge

Tethys Petroleum has experienced a significant surge in its stock performance, gaining 11.33% on February 26, 2026. The stock reached an intraday high of CAD 1.68, reflecting a strong day of trading for the small-cap oil company. In terms of performance metrics, Tethys Petroleum has outperformed the S&P/TSX 60 index across various time frames. Over the past year, the stock has delivered a remarkable return of 47.79%, compared to the index's 27.5%. Year-to-date, Tethys has achieved a 32.54% increase, while its three-year performance stands at an impressive 116.88%. Despite these gains, the company has faced challenges, reporting negative results for the last seven consecutive quarters. Additionally, raw material costs have increased by 17.64% year-over-year. With a market capitalization of CAD 162 million, Tethys Petroleum maintains a P/E ratio of 12.00 and a return on equity of 49.35%, indicating a robust financial position relative to its size in the industry.