Parex Resources Inc (TSE:PXT) Director Ronald Douglas Miller Acquires 5,265 Shares
Parex Resources Inc (TSE:PXT) Director Ronald Douglas Miller bought 5,265 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of C$19.92 per share, for a total transaction of C$104,863.01. Following the completion of the purchase, the director now directly owns 63,690 shares in the company, valued at C$1,268,513.73.
TSE PXT traded up C$0.62 on Friday, reaching C$20.25. 449,866 shares of the company were exchanged, compared to its average volume of 634,473. The company has a current ratio of 2.43, a quick ratio of 2.35 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is C$19.42 and its 200 day moving average price is C$20.44. The stock has a market capitalization of $2.81 billion and a P/E ratio of 10.43. Parex Resources Inc has a fifty-two week low of C$13.62 and a fifty-two week high of C$23.51.
Separately, Royal Bank of Canada boosted their target price on Parex Resources from C$24.00 to C$25.00 in a report on Monday, October 21st.
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.
Further Reading: What is a Fibonacci Channel?
Receive News & Ratings for Parex Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources and related companies with MarketBeat.com's FREE daily email newsletter.