Shares of Renaissance Oil Corp. (CVE:ROE – Get Free Report) rose 3% during mid-day trading on Tuesday. The company traded as high as C$0.51 and last traded at C$0.51. 1,991,062 shares were traded 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 Performance
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 stock has a market cap of C$190.57 million and a price-to-earnings ratio of -6.22. The firm has a fifty day moving average of C$0.51 and a 200 day moving average 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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