Permex Unaware of Any Material Change | OILCF Stock News

Jun 23, 2025

Permex Petroleum Corporation (CSE: OIL) states no awareness of any material changes in operations despite unusual market activity.
The company's stock price and trading volume have increased without an apparent operational reason.
Permex continues to follow its existing business plans and will report any significant developments as per securities regulations.

Permex Petroleum Corporation (CSE: OIL) recently addressed concerns over unusual market activity, which prompted a request from the Canadian Investment Regulatory Organization (CIRO). In its statement, Permex confirmed that there's no awareness of any material changes in its operations that could justify the recent surge in both share price and trading volume.

The company emphasized its commitment to executing previously announced business plans and assured stakeholders that any material developments will be promptly communicated in accordance with applicable securities laws.

Permex Petroleum is a junior oil and gas company operating within the Permian Basin. It focuses on sustainable growth through low-cost developments and asset scaling with blue-sky projects. Permex operates via its fully owned subsidiary in Texas and New Mexico, managing both private and public land projects.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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