Renaissance Oil (CVE:ROE) Trading 3% Higher – Still a Buy?

Renaissance Oil Corp. (CVE:ROE) shares were up 3% on Thursday . The stock traded as high as C$0.51 and last traded at C$0.51. Approximately 1,991,062 shares were traded during mid-day 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 Trading Up 3.0 %

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 company’s 50 day moving average price is C$0.51 and its two-hundred day moving average price is C$0.51. The firm has a market cap of C$190.57 million and a PE ratio of -6.22.

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.