Renaissance Gold Inc. (REN.V) (CVE:REN) Stock Price Up 7% – Here’s Why

Renaissance Gold Inc. (REN.V) (CVE:REN)’s share price shot up 7% during trading on Monday . The company traded as high as C$0.62 and last traded at C$0.61. 70,138 shares were traded during mid-day trading, a decline of 32% from the average session volume of 103,886 shares. The stock had previously closed at C$0.57.

Renaissance Gold Inc. (REN.V) Stock Performance

The stock has a fifty day moving average of C$0.61 and a 200-day moving average of C$0.61. The firm has a market capitalization of C$41.80 million and a P/E ratio of -17.43. The company has a quick ratio of 16.48, a current ratio of 16.76 and a debt-to-equity ratio of 6.18.

Renaissance Gold Inc. (REN.V) Company Profile

Renaissance Gold Inc, an exploration stage company, engages in the acquisition and exploration of mineral properties located in the United States. The company primarily explores for gold and silver deposits. It holds interests in a portfolio of precious metal exploration projects primarily located in Nevada and Utah. The company was incorporated in 2010 and is headquartered in Reno, Nevada.