Parex Resources Inc. (TSE:PXT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.45 and traded as high as C$14.28. Parex Resources shares last traded at C$14.27, with a volume of 1,068,122 shares changing hands.
Parex Resources Price Performance
The stock has a market capitalization of C$1.01 billion, a P/E ratio of 3.93, a price-to-earnings-growth ratio of 0.21 and a beta of 1.43. The business's 50 day simple moving average is C$13.42 and its two-hundred day simple moving average is C$13.46. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 1.81.
Parex Resources Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a dividend of $0.385 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.54 dividend on an annualized basis and a yield of 10.71%. Parex Resources's dividend payout ratio is presently 42.12%.
Insider Transactions at Parex Resources
In other news, Director Sigmund Cornelius acquired 5,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of C$15.15 per share, for a total transaction of C$75,726.75. Also, Senior Officer Imad Mohsen acquired 23,250 shares of the business's stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of C$10.83 per share, with a total value of C$251,797.50. 1.64% of the stock is owned by company insiders.
Parex Resources Company Profile
(
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Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.
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