Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $8.80 and last traded at $8.86. Approximately 49,688 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 72,265 shares. The stock had previously closed at $9.41.
Parex Resources Stock Down 1.0 %
The stock’s fifty day simple moving average is $13.00 and its 200-day simple moving average is $15.22.
About Parex Resources
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1.
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