China Gold International Resources (TSE:CGG) Sets New 1-Year High - Time to Buy?

Key Points

• China Gold International Resources shares reached a new 52-week high of C$13.59, with a closing price of C$13.17 on Wednesday.
• The company operates two primary mines in China, producing both gold and copper, with the majority of its revenue coming from gold mining.
• China Gold International has a market capitalization of C$3.67 billion and a notable P/E ratio of -163.49.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$13.59 and last traded at C$13.17, with a volume of 1450 shares changing hands. The stock had previously closed at C$12.94.

China Gold International Resources Price Performance

The company has a market cap of C$3.99 billion, a P/E ratio of -177.61 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. The stock has a 50-day simple moving average of C$12.30 and a 200 day simple moving average of C$10.33.

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.