Renaissance Oil (CVE:ROE) Shares Up 13.6%

Renaissance Oil Corp (CVE:ROE)’s share price shot up 13.6% on Thursday . The stock traded as high as C$0.13 and last traded at C$0.13, 188,300 shares changed hands during trading. An increase of 22% from the average session volume of 153,852 shares. The stock had previously closed at C$0.11.

The firm has a market capitalization of $30.80 million and a PE ratio of 125.00. The firm’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.14. 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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