Renegade Gold (CVE:TGM) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Renegade Gold Inc. (CVE:TGM)’s share price passed below its 200-day moving average during trading on Tuesday . 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 changing hands.

Renegade Gold Trading Down 12.5%

The business has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.07. The company has a quick ratio of 1.70, a current ratio of 0.87 and a debt-to-equity ratio of 3.49. The company has a market cap of C$1.05 million, a P/E ratio of -0.25 and a beta of 0.85.

Renegade Gold Company Profile

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.