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

Renaissance Oil Corp. (CVE:ROEGet Free Report)’s stock price traded up 3% during mid-day trading on Friday . The company traded as high as C$0.51 and last traded at C$0.51. 1,991,062 shares traded hands during trading, an increase of 54% from the average session volume of 1,292,922 shares. The stock had previously closed at C$0.50.

Renaissance Oil Trading Up 3.0%

The firm has a market cap of C$190.57 million and a PE ratio of -6.22. The firm has a fifty day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.51. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 37.94.

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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