Permex Petroleum (OTCMKTS:OILCF) Announces Earnings Results

Permex Petroleum (OTCMKTS:OILCF) issued its 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

Shares of Permex Petroleum stock opened at $3.00 on Thursday. The company’s 50-day moving average price is $2.16 and its 200-day moving average price is $3.18. Permex Petroleum has a 12-month low of $0.02 and a 12-month high of $5.32.

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.