Renaissance Oil (CVE:ROE) Stock Price Down 11.8%
Renaissance Oil Corp (CVE:ROE)’s stock price was down 11.8% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 175,000 shares changed hands during trading, a decline of 26% from the average daily volume of 237,253 shares. The stock had previously closed at C$0.09.
The stock has a market capitalization of $22.15 million and a price-to-earnings ratio of -14.17. The company’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.06. The company has a debt-to-equity ratio of 13.40, a quick ratio of 0.78 and a current ratio of 0.79.
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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