Renaissance Oil Corp. (CVE:ROE – Get Free Report) rose 3% during mid-day trading on Thursday . The stock traded as high as C$0.51 and last traded at C$0.51. Approximately 1,991,062 shares traded hands during trading, an increase of 54% from the average daily volume of 1,292,922 shares. The stock had previously closed at C$0.50.
Renaissance Oil Price Performance
The firm has a market capitalization of C$190.57 million and a P/E ratio of -6.22. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 37.94. The business’s 50 day moving average is C$0.51 and its 200-day moving average is C$0.51.
About Renaissance Oil
Renaissance Oil Corp., together with its subsidiaries, engages in the acquisition, development, and production of oil and gas properties in Mexico and Africa. It holds interests in the Mundo Nuevo block covering an area of 27.7 square kilometers; Topén block covering an area of 25.3 square kilometers; and Malva block, including an area of 21.2 square kilometers located in Chiapas, Mexico.
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