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

Renaissance Gold Inc. (REN.V) (CVE:REN)’s stock price shot up 7% on Monday . The stock traded as high as C$0.62 and last traded at C$0.61. 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 stock has a fifty day moving average of C$0.61 and a two-hundred day moving average of C$0.61. The stock has a market cap 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.

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.