Renaissance Gold Inc. (REN.V) (CVE:REN) Shares Up 7% – Still a Buy?

Renaissance Gold Inc. (REN.V) (CVE:REN – Get Free Report) shares shot up 7% during mid-day trading on Tuesday . The stock 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 company has a market capitalization of C$41.80 million and a price-to-earnings ratio of -17.43. The company has a debt-to-equity ratio of 6.18, a quick ratio of 16.48 and a current ratio of 16.76. The firm has a 50-day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.61.

About Renaissance Gold Inc. (REN.V)

(Get Free Report)

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.

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