Permex Petroleum (OTCMKTS:OILCF) Releases Earnings Results

Permex Petroleum (OTCMKTS:OILCF) issued 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 Stock Up 4.9 %

OTCMKTS OILCF traded up $0.14 during trading on Tuesday, hitting $3.00. 236 shares of the company’s stock were exchanged, compared to its average volume of 559. The stock’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $3.19. Permex Petroleum has a fifty-two week low of $0.02 and a fifty-two week high of $5.32.

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.