Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.50 and traded as low as $18.6250. Parex Resources shares last traded at $18.6250, with a volume of 3,839 shares trading hands.
Parex Resources Trading Down 2.0%
The stock has a fifty day moving average price of $19.50 and a two-hundred day moving average price of $15.99.
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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