Renegade Gold (CVE:TGM) Shares Pass Above 200 Day Moving Average – Should You Sell?

Renegade Gold Inc. (CVE:TGM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.07 and traded as high as C$0.08. Renegade Gold shares last traded at C$0.07, with a volume of 471,213 shares.

Renegade Gold Stock Performance

The company’s 50-day moving average is C$0.07 and its two-hundred day moving average is 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.

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.