Permex Petroleum (OTCMKTS:OILCF) Posts Earnings Results

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

Permex Petroleum Stock Up 4.9 %

Shares of OILCF stock opened at $3.00 on Wednesday. The stock has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $3.18. Permex Petroleum has a fifty-two week low of $0.02 and a fifty-two week 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.