Renaissance Oil (CVE:ROE) Stock Price Up 3% – Here’s What Happened

Renaissance Oil Corp. (CVE:ROE) shares rose 3% on Friday . The company traded as high as C$0.51 and last traded at C$0.51. Approximately 1,991,062 shares traded 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$0.50.

Renaissance Oil Stock Performance

The business’s 50-day simple moving average is C$0.51 and its two-hundred day simple moving average is C$0.51. 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 firm has a market cap of C$190.57 million and a price-to-earnings 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. The company is headquartered in Vancouver, Canada.