Renaissance Oil Corp (CVE:ROE)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 547000 shares. The stock had previously closed at C$0.13.
A number of equities analysts recently issued reports on ROE shares. Canaccord Genuity dropped their target price on shares of Renaissance Oil from C$0.80 to C$0.50 in a research report on Thursday, January 10th. Haywood Securities dropped their target price on shares of Renaissance Oil from C$0.50 to C$0.40 in a research report on Thursday, January 17th.
The stock has a market capitalization of $37.57 million and a PE ratio of -5.00.
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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