Renaissance Oil Corp. (CVE:ROE – Get Free Report) shares traded up 3% during trading on Tuesday. 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 daily volume of 1,292,922 shares. The stock had previously closed at C$0.49.
Renaissance Oil Stock Up 3.0%
The company has a market capitalization of C$190.57 million and a price-to-earnings ratio of -6.22. The firm’s 50 day moving average price is C$0.51 and its two-hundred day moving average price is C$0.51. 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. The company is headquartered in Vancouver, Canada.
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