Parex Resources (OTCMKTS:PARXF) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Parex Resources Inc. (OTCMKTS:PARXF) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.66 and traded as low as $9.46. Parex Resources shares last traded at $9.46, with a volume of 10,017 shares traded.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Parex Resources in a research note on Thursday, March 6th.

Parex Resources Trading Down 0.9 %

The stock’s fifty day moving average is $9.66 and its 200 day moving average is $9.74.

Parex Resources Company Profile

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.