Renegade Gold (CVE:TGM) Stock Passes Below 200 Day Moving Average – Here’s Why

Renegade Gold Inc. (CVE:TGMGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.07 and traded as low as C$0.07. Renegade Gold shares last traded at C$0.07, with a volume of 471,213 shares traded.

Renegade Gold Stock Performance

The company has a quick ratio of 1.70, a current ratio of 0.17 and a debt-to-equity ratio of 3.65. The firm has a market capitalization of C$1.05 million, a PE ratio of -0.07 and a beta of 0.85. The firm’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.07.

About Renegade Gold

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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.

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