China Gold International Resources (TSE:CGG) Sets New 52-Week High - Should You 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 - Get Free Report)'s share price hit 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 trading hands. The stock had previously closed at C$23.12.

China Gold International Resources Trading Down 2.3%

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 firm has a 50-day moving average of C$15.37 and a 200 day moving average of C$11.96. The company has a market cap of C$9.23 billion, a P/E ratio of 31.32 and a beta of 1.61.

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.