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

Renaissance Gold Inc. (REN.V) (CVE:REN) shares traded up 7% on Tuesday. The stock traded as high as C$0.62 and last traded at C$0.61. 70,138 shares changed 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) Trading Up 7.0%

The company has a debt-to-equity ratio of 6.18, a current ratio of 16.75 and a quick ratio of 16.48. The stock has a market capitalization of C$41.80 million and a price-to-earnings ratio of -17.43. The business has a 50 day simple moving average of C$0.61 and a 200-day simple moving average 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.