Renaissance Oil Corp. (CVE:ROE – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.51 and traded as low as C$0.48. Renaissance Oil shares last traded at C$0.51, with a volume of 1,991,062 shares.
Renaissance Oil Trading Up 3.0%
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 quick ratio of 0.74 and a current ratio of 0.75. The company 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. The company is headquartered in Vancouver, Canada.
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