China Gold International Resources (TSE:CGG) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• China Gold International Resources shares have surpassed their 200-day moving average, indicating potential bullish momentum in the stock's performance.
• The company reported a market capitalization of C$9.19 billion and maintains a debt-to-equity ratio of 46.97, suggesting a manageable level of debt in relation to its equity.
• China Gold primarily operates two mines in China, focusing on gold and copper production, with the majority of its revenue coming from gold mining.

China Gold International Resources Corp. Ltd. (TSE:CGG - ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.46 and traded as high as C$24.03. China Gold International Resources shares last traded at C$23.19, with a volume of 69,544 shares trading hands.

China Gold International Resources Trading Down 6.5%

The company has a debt-to-equity ratio of 46.97, a current ratio of 1.68 and a quick ratio of 0.61. The stock's fifty day moving average price is C$21.40 and its 200 day moving average price is C$14.46. The stock has a market capitalization of C$9.19 billion, a P/E ratio of 31.19 and a beta of 1.72.

China Gold International Resources Company Profile

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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