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

China Gold International Resources logo with Basic Materials background

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.79 and last traded at C$11.91, with a volume of 3889 shares changing hands. The stock had previously closed at C$11.79.

China Gold International Resources Price Performance

The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68. The company has a 50-day moving average of C$9.70 and a 200-day moving average of C$8.72. The stock has a market cap of C$3.46 billion, a price-to-earnings ratio of -154.08 and a beta of 1.85.

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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