Permex Petroleum Corporation (OTCMKTS:OILCF – Get Free Report)’s share price fell 51.1% during trading on Thursday . The company traded as low as $2.16 and last traded at $4.65. 1,259 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,209 shares. The stock had previously closed at $9.50.
Permex Petroleum Price Performance
The firm has a market capitalization of $2.56 million, a P/E ratio of -0.42 and a beta of 2.32. The company has a fifty day moving average of $2.93 and a 200 day moving average of $2.16.
Permex Petroleum (OTCMKTS:OILCF – Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($2.38) earnings per share for the quarter. Permex Petroleum had a negative return on equity of 145.91% and a negative net margin of 1,332.97%. The business had revenue of $0.30 million during the quarter.
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.
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