Renaissance Gold Inc. (REN.V) (CVE:REN) Trading 7% Higher – Here’s Why

Renaissance Gold Inc. (REN.V) (CVE:REN)’s stock price shot up 7% during mid-day trading on Tuesday . The company traded as high as C$0.62 and last traded at C$0.61. 70,138 shares changed hands during 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 debt-to-equity ratio of 6.18, a quick ratio of 16.48 and a current ratio of 16.75. The stock has a 50 day moving average of C$0.61 and a 200 day moving average of C$0.61. The stock has a market capitalization of C$41.80 million and a P/E ratio of -17.43.

About Renaissance Gold Inc. (REN.V)

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.