China Gold International Resources (TSE:CGG) Hits New 1-Year High - Still a Buy?

Key Points

• China Gold International Resources Corp. Ltd. has reached a new 52-week high, trading at C$25.27 during mid-day, with the last traded price at C$24.01.
• The company operates primarily in gold mining through its CSH Mine and also produces copper at the Jiama Mine, contributing to a diverse revenue stream.
• With a market capitalization of C$9.53 billion, the company has a P/E ratio of 32.32 and a debt-to-equity ratio of 46.97, indicating a moderate level of financial risk.

China Gold International Resources Corp. Ltd. (TSE:CGG - )'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$25.27 and last traded at C$24.01, with a volume of 19128 shares traded. The stock had previously closed at C$24.49.

China Gold International Resources Price Performance

The stock has a market capitalization of C$9.53 billion, a P/E ratio of 32.32 and a beta of 1.61. The business has a fifty day simple moving average of C$17.22 and a 200-day simple moving average of C$12.74. 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.

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