CSE

Permex Petroleum Corporation

OIL.CN•Energy•Oil & Gas E&P
Current Price
$3.81
Today's Change
+2.97%
Market Cap
$2.10M
Volume
6.49K
🛢️

Commodity Exposure

Crude Oil

Current Price
$102.30/barrel
+2.85% today
💡

Industry Context

Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.

Price updated: Oct 23, 2026, 03:00 PM

💡 Quick Take

Permex Petroleum Corporation is an independent energy company focused on acquiring and developing oil and gas properties in the U.S. The company faces significant financial challenges, evidenced by a gross margin of -114.8% and a net margin of -1597.6%, indicating operational inefficiencies. Additionally, a current ratio of 0.23 suggests liquidity issues, while a high debt-to-equity ratio of 2.98 raises concerns about leverage. Despite a recent price increase of 2.97%, the overall financial health score of 6/100 reflects substantial risks for potential investors.

Based on 25 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$16.49
52 Week Low$2.80
Avg Volume1.19K
Beta2.94
Shares Outstanding551.50K

🔥 Valuation

Market Cap$2.10M
Enterprise Value$5.77M
P/E Ratio-0.39
EV/EBITDA ⚠️-0.94x
Dividend Yield0.00%

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🚩 Red Flags

🟠

Limited Cash Runway

Company is burning $751K per quarter with $2.1M in cash. Approximately 2.8 quarters of runway at current burn rate.

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Significant Losses

Company posted a loss of $-5.7M over the last year, representing 1658.6% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $3.0M over the last year.

🌟 Opportunities

🚀

Exceptional revenue growth of 58.5% YoY demonstrates strong market demand and competitive positioning.

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