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

Key Points

• China Gold International Resources shares reached a new 52-week high of C$13.10, reflecting a 5.1% increase from the previous close of C$12.42, with a trading volume of 29,340 shares.
• The company has a market capitalization of C$3.63 billion and exhibits notable financial metrics, including a P/E ratio of -161.63 and a debt-to-equity ratio of 46.97.
• China Gold International primarily operates two mines in China—CSH Mine for gold and Jiama Mine for gold and copper, with the bulk of its revenue coming from gold mining.

China Gold International Resources Corp. Ltd. (TSE:CGG - ) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$13.10 and last traded at C$13.10, with a volume of 29340 shares changing hands. The stock had previously closed at C$12.42.

China Gold International Resources Stock Up 5.1%

The firm has a market capitalization of C$3.63 billion, a P/E ratio of -161.63 and a beta of 1.85. The stock has a fifty day moving average of C$11.98 and a 200 day moving average of C$10.04. The company has a debt-to-equity ratio of 46.97, a current ratio of 1.68 and a quick ratio of 0.61.

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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