Peter's Rock, like much of the Metacomet Ridge, is composed of basalt, also called traprock, a volcanic rock. The mountain formed near the end of the Triassic Period with the rifting apart of the North American continent from Africa and Eurasia. Lava welled up from the rift and solidified into sheets of strata hundreds of feet thick. Subsequent faulting and earthquake activity tilted the strata, creating the cliffs and ridgeline of Peter's Rock. Of particular note is the large, well-defined columnar basalt formation on the southwest side of Peter's Rock.