Renaissance Oil (CVE:ROE) Trading 16.7% Higher

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Renaissance Oil Corp (CVE:ROE)’s stock price rose 16.7% on Friday . The stock traded as high as C$0.04 and last traded at C$0.04, approximately 153,432 shares were traded during trading. A decline of 26% from the average daily volume of 207,461 shares. The stock had previously closed at C$0.03.

The stock’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.08. The company has a debt-to-equity ratio of 16.18, a current ratio of 0.92 and a quick ratio of 0.87. The firm has a market capitalization of $11.07 million and a P/E ratio of -3.50.

Renaissance Oil Company Profile (CVE:ROE)

Renaissance Oil Corp. engages in the acquisition, exploration, and development of oil and gas properties in Canada and Mexico. It holds interests in the Mundo Nuevo block covering an area of 27.7 square kilometers; Topén block 0covering an area of 25.3 square kilometers; and Malva block covering an area of 21.2 square kilometers located in Chiapas, Mexico, as well as Pontón block covering an area of 12 square kilometers located in the state of Veracruz, Mexico.

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