Shares of Parex Resources Inc (OTCMKTS:PARXF) were down 2.5% on Wednesday . The company traded as low as $14.50 and last traded at $14.50, approximately 700 shares changed hands during mid-day trading. A decline of 84% from the average daily volume of 4,444 shares. The stock had previously closed at $14.87.
Several brokerages have issued reports on PARXF. Canaccord Genuity set a $30.00 target price on shares of Parex Resources and gave the stock a “buy” rating in a research note on Friday, August 30th. Royal Bank of Canada set a $25.00 target price on shares of Parex Resources and gave the company a “buy” rating in a research report on Monday, October 21st.
The firm’s 50 day moving average is $14.61 and its 200-day moving average is $15.47.
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.
Recommended Story: What is the Moving Average Convergence Divergence (MACD) oscillator?
Receive News & Ratings for Parex Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources and related companies with MarketBeat.com's FREE daily email newsletter.