China Gold International Resources (TSE:CGG) Sets New 52-Week High – What’s Next?

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG) hit a new 52-week high on Monday . The stock traded as high as C$11.79 and last traded at C$11.91, with a volume of 3889 shares. The stock had previously closed at C$11.79.

China Gold International Resources Stock Performance

The company’s fifty day simple moving average is C$9.54 and its two-hundred day simple moving average is C$8.64. The company has a market capitalization of C$3.33 billion, a price-to-earnings ratio of -148.13 and a beta of 1.85. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68.

China Gold International Resources Company Profile

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company’s revenue is derived from gold mining, a significant portion of sales still result from copper production.