Renaissance Oil (CVE:ROE) Trading 28.6% Higher

Renaissance Oil Corp (CVE:ROE) shares traded up 28.6% during trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. 206,000 shares traded hands during trading, an increase of 25% from the average session volume of 165,325 shares. The stock had previously closed at C$0.11.

The company’s 50-day simple moving average is C$0.15. The stock has a market cap of $50.75 million and a PE ratio of 145.00. The company has a debt-to-equity ratio of 17.00, a current ratio of 2.15 and a quick ratio of 2.04.

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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