Renegade Gold (CVE:TGM) Share Price Passes Above 50-Day Moving Average – Here’s Why

Renegade Gold Inc. (CVE:TGM) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Renegade Gold Trading Down 12.5%

The stock has a market capitalization of C$1.05 million, a price-to-earnings ratio of -0.25 and a beta of 0.85. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.70 and a current ratio of 0.87. The business has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.07.

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.