Renegade Gold (CVE:TGM) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Renegade Gold Inc. (CVE:TGM)’s share price crossed below its two hundred day moving average during trading on Tuesday . 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 changing hands.

Renegade Gold Stock Performance

The company has a market capitalization of C$1.05 million, a PE ratio of -0.25 and a beta of 0.85. The company has a current ratio of 0.87, a quick ratio of 1.70 and a debt-to-equity ratio of 3.49. The firm’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.