Permex Petroleum (OTCMKTS:OILCF) Shares Up 175.2% – Still a Buy?

Permex Petroleum Corporation (OTCMKTS:OILCFGet Free Report) shares shot up 175.2% during mid-day trading on Monday . The stock traded as high as $3.2746 and last traded at $3.2746. 300 shares traded hands during mid-day trading, an increase of 2,181% from the average session volume of 13 shares. The stock had previously closed at $1.19.

Permex Petroleum Stock Performance

The firm’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $2.87. The stock has a market capitalization of $1.80 million, a price-to-earnings ratio of -0.32 and a beta of 2.75.

About Permex Petroleum

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