China Gold International Resources (TSE:CGG) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Technical breakout: China Gold International Resources crossed above its 200-day moving average
• Recent results show solid profitability—quarterly EPS of C$0.42, revenue of C$509.7 million, a net margin of 35.51% and return on equity of 22.42%—and analysts forecast roughly C$6.27 in EPS for the current fiscal year.
• Valuation and balance-sheet snapshot: market cap about C$12.28 billion, PE ratio ~26.29, a debt-to-equity ratio of 23.71 and a beta of 2.14; the company operates the CSH Gold Mine (Inner Mongolia) and the Jiama Copper‑Gold mine (Tibet).

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$28.85 and traded as high as C$31.20. China Gold International Resources shares last traded at C$30.97, with a volume of 46,875 shares.

China Gold International Resources Stock Performance

The company has a current ratio of 2.25, a quick ratio of 0.61 and a debt-to-equity ratio of 23.71. The business's 50 day moving average is C$31.07 and its 200 day moving average is C$28.85. The stock has a market capitalization of C$12.28 billion, a PE ratio of 26.29 and a beta of 2.14.

China Gold International Resources (TSE:CGG - Get Free Report) last released its quarterly earnings results on Monday, March 30th. The company reported C$0.42 EPS for the quarter. China Gold International Resources had a net margin of 35.51% and a return on equity of 22.42%. The firm had revenue of C$509.69 million during the quarter. On average, equities research analysts predict that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

About China Gold International Resources

China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The Company's objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange TSX: CGG and the Main Board of The Stock Exchange of Hong Kong Limited HKE X: 2099.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.