Parex Resources Inc. (TSE:PXT) shares shot up 4.9% during mid-day trading on Monday . The company traded as high as C$15.58 and last traded at C$15.56. 595,858 shares traded hands during trading, an increase of 59% from the average session volume of 374,524 shares. The stock had previously closed at C$14.84.

In related news, insider Eric Furlan bought 3,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of C$13.25 per share, for a total transaction of C$39,750.00. In the last 90 days, insiders have acquired 4,174 shares of company stock valued at $55,728.

COPYRIGHT VIOLATION NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at

Parex Resources Company Profile

Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.

Receive News & Stock Ratings for Parex Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources Inc. and related stocks with our FREE daily email newsletter.