Renegade Gold (CVE:TGM) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Renegade Gold Inc. (CVE:TGM)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.07 and traded as high as C$0.08. Renegade Gold shares last traded at C$0.07, with a volume of 471,213 shares changing hands.

Renegade Gold Trading Down 12.5%

The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.70 and a current ratio of 0.87. The firm has a market capitalization of C$1.05 million, a PE ratio of -0.25 and a beta of 0.85. The stock’s 50-day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07.

About Renegade Gold

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. The company was formerly known as Confederation Minerals Ltd. and changed its name to Trillium Gold Mines Inc in June 2020. Trillium Gold Mines Inc was incorporated in 2005 and is headquartered in Vancouver, Canada.