Permex Petroleum Corporation (OILCF) Stock
Permex Petroleum Corporation operates as a developing oil and gas firm, primarily engaging in the acquisition, development, and production of hydrocarbon resources across the United States. Its portfolio includes various properties in Texas: the 320-acre Pittcock North and 498-acre Pittcock South sites, both located on the Eastern Shelf of the Midland Basin; the 241-acre Mary Bullard property in Stonewall County; the 40-acre Windy Jones parcel; and the extensive 7,741.67-acre Breedlove field in Martin County.
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About Permex Petroleum Corporation
Permex Petroleum Corporation operates as a developing oil and gas firm, primarily engaging in the acquisition, development, and production of hydrocarbon resources across the United States. Its portfolio includes various properties in Texas: the 320-acre Pittcock North and 498-acre Pittcock South sites, both located on the Eastern Shelf of the Midland Basin; the 241-acre Mary Bullard property in Stonewall County; the 40-acre Windy Jones parcel; and the extensive 7,741.67-acre Breedlove field in Martin County. The company also holds significant interests in New Mexico, specifically the 1,880-acre West Henshaw property and the 680-acre Oxy Yates property, both situated in Eddy County. Furthermore, Permex possesses royalty interests spanning 3,800 acres within the Permian Basin of West Texas and southeast New Mexico, which cover 73 operational wells and 5 wells awaiting permits. Permex Petroleum Corporation was established in 2017 and its main office is located in Vancouver, Canada.
Permex Petroleum Corporation is headquartered in US.
Permex Petroleum Corporation (OILCF) stock trades at $3.27 with a market capitalization of $1.80M. The stock is valued at a price-to-earnings (P/E) ratio of -0.66, price-to-book of 0.78, price-to-sales of 8.11. Over the past 52 weeks the stock has ranged between $1.70 and $4.00, and currently trades 18.3% below its 52-week high.
On profitability, Permex Petroleum Corporation generates a return on equity (ROE) of -94.36%, return on capital employed of -52.65%, an operating margin of -669.96%.
Official website: www.permexpetroleum.com