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

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

Renaissance Gold Inc. (REN.V) Stock Up 7.0 %

The company has a market capitalization of C$41.80 million and a P/E ratio of -17.43. The firm’s 50 day moving average price is C$0.61 and its two-hundred day moving average price is C$0.61. The company has a current ratio of 16.76, a quick ratio of 16.48 and a debt-to-equity ratio of 6.18.

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.