Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report)’s share price rose 3.4% on Tuesday . The stock traded as high as $14.96 and last traded at $14.9440. Approximately 357,673 shares were traded during mid-day trading, an increase of 444% from the average daily volume of 65,777 shares. The stock had previously closed at $14.4520.
Analyst Ratings Changes
Separately, Scotiabank restated a “sector perform” rating on shares of Parex Resources in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Report on PARXF
Parex Resources Trading Up 3.4%
Parex Resources Company Profile
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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