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China Gold International Resources (TSE:CGG) Sets New 52-Week High - Should You Buy?

China Gold International Resources logo with Basic Materials background

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$10.24 and last traded at C$10.24, with a volume of 14619 shares changing hands. The stock had previously closed at C$9.82.

China Gold International Resources Stock Down 0.6%

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 market cap of C$2.92 billion, a price-to-earnings ratio of -130.05 and a beta of 1.85. The firm's 50 day simple moving average is C$9.30 and its two-hundred day simple moving average is C$8.33.

China Gold International Resources Company Profile

(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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