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

Shares of Renegade Gold Inc. (CVE:TGM) crossed below its 200-day moving average during trading on Wednesday . 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.

Renegade Gold Stock Down 12.5%

The firm 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 debt-to-equity ratio of 3.49, a current ratio of 0.87 and a quick ratio of 1.70. The company has a 50-day moving average price of C$0.07 and a 200 day moving average price of 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.