Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) rose 0.4% during trading on Friday . The company traded as high as $19.04 and last traded at $18.93. Approximately 8,773 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 49,088 shares. The stock had previously closed at $18.85.
Parex Resources Price Performance
The stock’s 50-day moving average price is $19.35 and its 200 day moving average price is $16.58.
About Parex Resources
Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.
Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.
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