Renaissance Oil Corp. (CVE:ROE – Get Free Report) traded up 3% during mid-day trading on Thursday . The stock traded as high as C$0.51 and last traded at C$0.51. 1,991,062 shares changed hands during 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 firm has a market capitalization of C$190.57 million and a price-to-earnings ratio of -6.22. The company has a debt-to-equity ratio of 37.94, a current ratio of 0.75 and a quick ratio of 0.74. The firm has a 50 day moving average price of C$0.51 and a 200-day moving average price of 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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