Shares of Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) fell 3.4% on Thursday. The stock traded as low as $19.6375 and last traded at $19.67. Approximately 28,935 shares traded hands during trading, a decline of 71% from the average daily volume of 98,961 shares. The stock had previously closed at $20.37.
Wall Street Analyst Weigh In
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Parex Resources in a research report on Monday, October 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Parex Resources presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on Parex Resources
Parex Resources Price Performance
Parex Resources Company Profile
Parex Resources Inc is a Canadian oil and gas exploration, development and production company focused primarily on conventional crude oil assets in Colombia. The company’s activities include identifying prospective oil resources, drilling and developing wells, and producing and marketing crude oil.
Parex’s operations have historically been concentrated in Colombia’s Llanos and Middle Magdalena basins, established oil-producing regions with additional exploration and development potential.
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