Renegade Gold (CVE:TGM) Share Price Passes Below 200-Day Moving Average – What’s Next?

Renegade Gold Inc. (CVE:TGM) shares crossed below its two hundred day moving average during trading on Thursday . 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 trading hands.

Renegade Gold Stock Performance

The company has a market capitalization of C$1.05 million, a P/E ratio of -0.25 and a beta of 0.85. 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 business’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07.

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.