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 $11.66 and traded as low as $8.70. Parex Resources shares last traded at $8.87, with a volume of 11,227 shares traded.
Parex Resources Price Performance
The company’s 50 day simple moving average is $11.52 and its 200-day simple moving average is $14.70.
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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