Parex Resources (OTCMKTS:PARXF) Trading Down 0.6% – Should You Sell?

Shares of Parex Resources Inc. (OTCMKTS:PARXFGet Free Report) were down 0.6% on Tuesday . The stock traded as low as $9.27 and last traded at $9.44. Approximately 6,658 shares were traded during trading, a decline of 90% from the average daily volume of 65,462 shares. The stock had previously closed at $9.50.

Parex Resources Stock Up 2.7 %

The business has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $11.91.

About Parex Resources

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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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