Parex Resources (OTCMKTS:PARXF) Shares Down 3.2% – Should You Sell?

Parex Resources Inc. (OTCMKTS:PARXF)’s share price fell 3.2% on Monday . The company traded as low as $10.47 and last traded at $10.53. 67,194 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 68,098 shares. The stock had previously closed at $10.88.

Parex Resources Stock Performance

The stock has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $12.72.

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.