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Permex Petroleum Corporation ( (TSE:OIL) ) has provided an announcement.
Permex Petroleum Corporation has received a Notice of Default from holders of its secured convertible debentures, totaling approximately $4.28 million in principal with 10% annual interest, after failing to make required payments by November 2, 2025. The debentureholders, represented by Jeffrey E. Eberwein, have demanded immediate repayment and indicated they may enforce their security, potentially repossessing company assets if satisfactory payment or arrangements are not made by February 18, 2026. Separately, Permex has also failed to file its audited annual financial statements and related regulatory certifications for the year ended September 30, 2025, by the prescribed deadline, signaling heightened financial and regulatory pressures that could affect its liquidity, operational continuity, and standing with investors and regulators.
The most recent analyst rating on (TSE:OIL) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Permex Petroleum Corporation stock, see the TSE:OIL Stock Forecast page.
Spark’s Take on TSE:OIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:OIL is a Neutral.
Permex Petroleum Corporation faces significant financial challenges, with declining revenue and profitability, increased leverage, and liquidity issues being the most impactful factors. Technical analysis provides mixed signals, and poor valuation metrics further weigh down the overall score.
To see Spark’s full report on TSE:OIL stock, click here.
More about Permex Petroleum Corporation
Permex Petroleum Corporation is an oil and gas company active in the energy sector, with its securities listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange. The company’s operations are backed by secured financing arrangements, including convertible debentures collateralized by its assets.
Average Trading Volume: 1,122
Technical Sentiment Signal: Sell
Current Market Cap: C$2.35M
Find detailed analytics on OIL stock on TipRanks’ Stock Analysis page.