Shares of Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) shot up 4.7% on Thursday. The company traded as high as $20.22 and last traded at $20.08. 230,336 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 99,218 shares. The stock had previously closed at $19.1860.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Parex Resources in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Report on PARXF
Parex Resources Trading Up 4.7%
About Parex Resources
Parex Resources Inc is a Canadian oil and gas exploration and production company focused on conventional hydrocarbons. The company’s primary activities include identifying prospective assets, acquiring and developing oil and natural gas properties, and producing and selling crude oil and related products.
Parex’s operations are concentrated in Colombia, where it has historically maintained a portfolio of exploration and production assets, particularly in the Llanos Basin and other onshore regions.
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