China Gold International Resources (TSE:CGG) Sets New 12-Month High - Here's Why

Key Points

• China Gold International Resources Corp. achieved a new 52-week high, trading at C$22.59 before settling at C$22.39 with a trading volume of 22,430 shares.
• The company, with a market capitalization of C$9.03 billion, primarily operates gold and copper mining in China, mainly contributing to revenue from gold.
• Key financial metrics for the company include a PE ratio of 30.66, a debt-to-equity ratio of 46.97, and current and quick ratios of 1.68 and 0.61, respectively.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$22.59 and last traded at C$22.39, with a volume of 22430 shares changing hands. The stock had previously closed at C$20.04.

China Gold International Resources Price Performance

The company has a market cap of C$8.68 billion, a P/E ratio of 29.45 and a beta of 1.61. The company has a fifty day moving average price of C$14.05 and a two-hundred day moving average price of C$11.31. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68.

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.