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

China Gold International Resources logo with Basic Materials background

Key Points

  • China Gold International Resources Corp. Ltd. (TSE:CGG) shares reached a new 52-week high at C$28.20 during mid-day trading, marking a significant increase from the previous closing price of C$26.07.
  • The company has a market cap of C$10.79 billion, a PE ratio of 36.60, and operates primarily in gold mining through its CSH and Jiama mines.
  • China Gold International Resources has a quick ratio of 0.61 and a current ratio of 1.68, indicating its liquidity position amidst a debt-to-equity ratio of 46.97.
  • Five stocks to consider instead of China Gold International Resources.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$28.20 and last traded at C$28.20, with a volume of 3169 shares trading hands. The stock had previously closed at C$26.07.

China Gold International Resources Price Performance

The firm has a 50 day simple moving average of C$19.62 and a 200-day simple moving average of C$13.71. The company has a quick ratio of 0.61, a current ratio of 1.68 and a debt-to-equity ratio of 46.97. The company has a market cap of C$10.79 billion, a PE ratio of 36.60 and a beta of 1.72.

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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