Renaissance Oil (CVE:ROE) Trading Up 3% – Should You Buy?

Renaissance Oil Corp. (CVE:ROEGet Free Report)’s stock price rose 3% during mid-day trading on Friday . The company traded as high as C$0.51 and last traded at C$0.51. Approximately 1,991,062 shares changed hands during 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 Up 3.0%

The company’s 50 day simple moving average is C$0.51 and its 200-day simple moving average is C$0.51. 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 firm has a market capitalization of C$190.57 million and a PE ratio of -6.22.

Renaissance Oil Company Profile

(Get Free Report)

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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