China Gold International Resources (TSE:CGG) Reaches New 52-Week High – Time to Buy?

China Gold International Resources Corp. Ltd. (TSE:CGGGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.50 and last traded at C$10.52, with a volume of 53544 shares. The stock had previously closed at C$10.43.

China Gold International Resources Price Performance

The stock has a fifty day moving average of C$9.31 and a 200 day moving average of C$8.35. The stock has a market cap of C$2.94 billion, a price-to-earnings ratio of -130.79 and a beta of 1.85. The company has a debt-to-equity ratio of 46.97, a current ratio of 1.68 and a quick ratio of 0.61.

About China Gold International Resources

(Get Free Report)

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.

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