Renegade Gold (CVE:TGM) Shares Cross Below 200 Day Moving Average – What’s Next?

Renegade Gold Inc. (CVE:TGM)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Trading Down 12.5%

The company has a debt-to-equity ratio of 3.49, a current ratio of 0.87 and a quick ratio of 1.70. The business’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.07. The company has a market capitalization of C$1.05 million, a price-to-earnings ratio of -0.25 and a beta of 0.85.

Renegade Gold Company Profile

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.