Renaissance Oil Corp. (CVE:ROE – Get Free Report) traded up 3% during mid-day trading on Thursday . The company traded as high as C$0.51 and last traded at C$0.51. 1,991,062 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 1,292,922 shares. The stock had previously closed at C$0.50.
Renaissance Oil Stock Performance
The stock’s 50-day simple moving average is C$0.51 and its 200-day simple moving average is C$0.51. The stock has a market cap of C$190.57 million and a price-to-earnings ratio of -6.22. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 37.94.
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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