Renaissance Oil (CVE:ROE) Trading 28.6% Higher

Renaissance Oil Corp (CVE:ROE) traded up 28.6% on Monday . The company traded as high as C$0.10 and last traded at C$0.09, 445,883 shares changed hands during trading. An increase of 86% from the average session volume of 239,675 shares. The stock had previously closed at C$0.07.

The company has a market cap of $22.15 million and a P/E ratio of -55.00. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 13.28. The stock has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.06.

Renaissance Oil (CVE:ROE) last issued its earnings results on Thursday, May 28th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$3.87 million during the quarter. Equities analysts anticipate that Renaissance Oil Corp will post 0.03 EPS for the current year.

About Renaissance Oil (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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