Permex Petroleum Corporation (TSE:OIL) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Permex Petroleum has revitalized its operations with new leadership and has successfully raised approximately $4.2 million in capital since April 2024. The company has resumed production at its Breedlove asset and is compliant with reporting requirements in both Canada and the U.S. for the first time since 2023. These developments mark significant progress for Permex as it overcomes previous financial and operational challenges.
For further insights into TSE:OIL stock, check out TipRanks’ Stock Analysis page.