Permex Petroleum (OTCMKTS:OILCF) Releases Earnings Results

Permex Petroleum (OTCMKTS:OILCF) announced its quarterly earnings results on Tuesday. The company reported ($2.85) earnings per share (EPS) for the quarter, Zacks reports. Permex Petroleum had a negative net margin of 1,445.39% and a negative return on equity of 49.50%.

Permex Petroleum Price Performance

OILCF stock traded up $0.14 during midday trading on Tuesday, reaching $3.00. The stock had a trading volume of 236 shares, compared to its average volume of 559. Permex Petroleum has a twelve month low of $0.02 and a twelve month high of $5.32. The business has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $3.19.

About Permex Petroleum

Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property, Pittcock South property, Windy Jones property, and Mary Bullard property located in Stonewall County.