What’s Next for Renaissance Oil Corp After Today’s Huge Increase?


The stock of Renaissance Oil Corp (CVE:ROE) is a huge mover today! About 466,950 shares traded hands or 38.00% up from the average. Renaissance Oil Corp (CVE:ROE) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months positive chart setup for the $41.51M company. It was reported on Sep, 13 by Barchart.com. We have $0.72 PT which if reached, will make CVE:ROE worth $71.81M more.

Renaissance Oil Corp., formerly San Antonio Ventures Inc., is engaged in the acquisition, exploration and development of gas and oil properties. The company has a market cap of $41.51 million. The Firm is focused on developing a diversified shale gas and shale oil land portfolio in Mexico. It currently has negative earnings. It principally focuses on the investigation of gas and oil land prospects in Mexico.

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