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

Shares of Renaissance Gold Inc. (REN.V) (CVE:REN) rose 7% during mid-day trading on Tuesday . 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 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 debt-to-equity ratio of 6.18, a quick ratio of 16.48 and a current ratio of 16.75. The stock has a market capitalization of C$41.80 million and a P/E ratio of -17.43. The firm has a 50-day moving average price of C$0.61 and a 200 day moving average price of C$0.61.

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.