Permex Petroleum (OTCMKTS:OILCF) Releases Quarterly Earnings Results

Permex Petroleum (OTCMKTS:OILCF) posted its earnings results on Tuesday. The company reported ($2.85) 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 Stock Performance

OTCMKTS OILCF traded up $0.14 during trading on Tuesday, reaching $3.00. The company’s stock had a trading volume of 236 shares, compared to its average volume of 559. Permex Petroleum has a 12 month low of $0.02 and a 12 month high of $5.32. The firm has a 50 day moving average price of $2.13 and a 200 day moving average price of $3.19.

Permex Petroleum Company Profile

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.