Renegade Gold (CVE:TGM) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Renegade Gold Inc. (CVE:TGM) crossed below its 200-day moving average during trading on Friday . 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 changing hands.

Renegade Gold Trading Down 12.5 %

The company has a current ratio of 0.17, a quick ratio of 1.70 and a debt-to-equity ratio of 3.65. The firm has a 50-day moving average price of C$0.07 and a 200-day moving average price of C$0.07. The company has a market capitalization of C$1.05 million, a price-to-earnings ratio of -0.07 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.