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

Key Points

• China Gold International Resources (TSE:CGG) reached a new 52-week high of C$23.73 during trading, showing significant stock performance with a trading volume of 2752 shares.
• The company has a market capitalization of C$9.40 billion and key financial ratios indicating a healthy balance sheet, including a debt-to-equity ratio of 46.97.
• China Gold primarily operates the CSH and Jiama mines in China, focusing on gold production while also generating revenue from copper mining.

China Gold International Resources Corp. Ltd. (TSE:CGG - )'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$23.73 and last traded at C$23.73, with a volume of 2752 shares changing hands. The stock had previously closed at C$23.12.

China Gold International Resources Stock Performance

The company has a debt-to-equity ratio of 46.97, a current ratio of 1.68 and a quick ratio of 0.61. The company has a market capitalization of C$9.40 billion, a PE ratio of 31.88 and a beta of 1.61. The firm's fifty day simple moving average is C$14.65 and its 200 day simple moving average is C$11.58.

About China Gold International Resources

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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