Shares of Permex Petroleum Co. (OTCMKTS:OILCF – Get Free Report) rose 220% during trading on Monday . The stock traded as high as $2.24 and last traded at $2.24. Approximately 500 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 418 shares. The stock had previously closed at $0.70.
Permex Petroleum Stock Performance
The firm has a market cap of $1.24 million, a P/E ratio of -0.24 and a beta of 2.94. The firm’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $2.12.
Permex Petroleum (OTCMKTS:OILCF – Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported ($3.49) EPS for the quarter. Permex Petroleum had a negative net margin of 2,719.47% and a negative return on equity of 105.23%. The firm had revenue of $130 billion for the quarter.
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.
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