China Gold International Resources (TSE:CGG) Hits 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 - ) shares hit a new 52-week high during trading on Wednesday . The company 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 Stock Up 2.0%

The company has a market capitalization of C$3.67 billion, a P/E ratio of -163.49 and a beta of 1.85. The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97. The stock has a 50 day moving average price of C$12.19 and a 200 day moving average price of C$10.21.

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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