Shares of Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) dropped 1.5% during mid-day trading on Thursday . The company traded as low as $9.54 and last traded at $9.54. Approximately 23,178 shares changed hands during trading, a decline of 45% from the average daily volume of 42,382 shares. The stock had previously closed at $9.69.
Parex Resources Stock Up 0.6 %
The firm has a 50 day moving average price of $9.97 and a 200-day moving average price of $10.43.
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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