China Gold International Resources (TSE:CGG) Stock Price Down 9.8% – Here’s What Happened

China Gold International Resources Corp. Ltd. (TSE:CGG)’s stock price traded down 9.8% during trading on Monday . The stock traded as low as C$42.87 and last traded at C$42.98. 215,517 shares were traded during mid-day trading, an increase of 142% from the average session volume of 89,050 shares. The stock had previously closed at C$47.67.

China Gold International Resources Price Performance

The business has a 50 day moving average price of C$39.07 and a two-hundred day moving average price of C$31.77. The stock has a market cap of C$17.10 billion, a PE ratio of 22.09 and a beta of 2.09. The company has a debt-to-equity ratio of 18.14, a quick ratio of 0.61 and a current ratio of 3.17.

China Gold International Resources Company Profile

China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The Company’s objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKE X: 2099).