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

Renaissance Gold Inc. (REN.V) (CVE:REN)’s share price was up 7% during trading on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.61. Approximately 70,138 shares were traded during trading, a decline of 32% from the average daily volume of 103,886 shares. The stock had previously closed at C$0.57.

Renaissance Gold Inc. (REN.V) Stock Performance

The company has a market capitalization of C$41.80 million and a PE ratio of -17.43. The company has a debt-to-equity ratio of 6.18, a quick ratio of 16.48 and a current ratio of 16.76. The company has a 50 day moving average price of C$0.61 and a 200 day moving average price of C$0.61.

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.