Renaissance Gold Inc. (REN.V) (CVE:REN) Stock Price Up 7% – Here’s Why

Shares of Renaissance Gold Inc. (REN.V) (CVE:REN) were up 7% on Tuesday. The stock traded as high as C$0.62 and last traded at C$0.61. Approximately 70,138 shares changed hands 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 current ratio of 16.75, a quick ratio of 16.48 and a debt-to-equity ratio of 6.18. The firm’s fifty day moving average price is C$0.61 and its 200-day moving average price is C$0.61. The firm has a market cap of C$41.80 million and a price-to-earnings ratio of -17.43.

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. The company was incorporated in 2010 and is headquartered in Reno, Nevada.