Renegade Gold (CVE:TGM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Renegade Gold Inc. (CVE:TGM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.07 and traded as low as C$0.07. Renegade Gold shares last traded at C$0.07, with a volume of 471,213 shares trading hands.

Renegade Gold Stock Down 12.5%

The company’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.07. The company has a market cap of C$1.05 million, a PE ratio of -0.25 and a beta of 0.85. The company has a current ratio of 0.87, a quick ratio of 1.70 and a debt-to-equity ratio of 3.49.

About Renegade Gold

Trillium Gold Mines Inc engages in the acquisition, exploration, and development of mineral properties primarily located in the Red Lake mining district of northern Ontario. The company explores for gold, copper, zinc, and silver deposits. Its flagship property is the Newman Todd gold project located in the Red Lake mining district. The company was formerly known as Confederation Minerals Ltd. and changed its name to Trillium Gold Mines Inc in June 2020. Trillium Gold Mines Inc was incorporated in 2005 and is headquartered in Vancouver, Canada.