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

Renaissance Gold Inc. (REN.V) (CVE:REN)’s stock price was up 7% on Friday . The stock traded as high as C$0.62 and last traded at C$0.61. Approximately 70,138 shares traded hands during trading, a decline of 32% from the average daily volume of 103,886 shares. The stock had previously closed at C$0.57.

Renaissance Gold Inc. (REN.V) Price Performance

The stock’s 50 day simple moving average is C$0.61 and its 200-day simple moving average is C$0.61. 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 market cap of C$41.80 million and a price-to-earnings 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.