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.

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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.

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