Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.66 and traded as low as $9.46. Parex Resources shares last traded at $9.46, with a volume of 10,017 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Parex Resources in a research report on Thursday, March 6th.
Check Out Our Latest Stock Report on Parex Resources
Parex Resources Price Performance
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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