Renegade Gold (CVE:TGM) Stock Crosses Above 200 Day Moving Average – What’s Next?

Renegade Gold Inc. (CVE:TGMGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Renegade Gold Trading Down 12.5%

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

About Renegade Gold

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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.

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