Parex Resources (OTCMKTS:PARXF) Stock Price Down 1.3% – Here’s Why

Parex Resources Inc. (OTCMKTS:PARXFGet Free Report)’s stock price dropped 1.3% during mid-day trading on Friday . The stock traded as low as $9.19 and last traded at $9.21. Approximately 83,756 shares were traded during trading, an increase of 21% from the average daily volume of 69,403 shares. The stock had previously closed at $9.33.

Parex Resources Trading Down 1.3 %

The company has a 50-day moving average of $9.55 and a 200-day moving average of $13.53.

Parex Resources Company Profile

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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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