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

Renaissance Gold Inc. (REN.V) (CVE:REN) shares traded up 7% on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.61. 70,138 shares traded hands 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) Price Performance

The company 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 price-to-earnings 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.