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

Renaissance Gold Inc. (REN.V) (CVE:REN) shares rose 7% during trading on Thursday . The company traded as high as C$0.62 and last traded at C$0.61. Approximately 70,138 shares traded 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 company has a current ratio of 16.76, a quick ratio of 16.48 and a debt-to-equity ratio of 6.18. The company has a fifty day moving average price of C$0.61 and a two-hundred day moving average price of C$0.61. The firm 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.