Renaissance Gold Inc. (REN.V) (CVE:REN) Trading 7% Higher – Should You Buy?

Shares of Renaissance Gold Inc. (REN.V) (CVE:REN) rose 7% on Monday . The company 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) Price Performance

The stock’s 50 day moving average is C$0.61 and its two-hundred day moving average is C$0.61. The company has a debt-to-equity ratio of 6.18, a current ratio of 16.76 and a quick ratio of 16.48. The stock has a market capitalization of C$41.80 million and a PE 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.