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

China Gold International Resources logo with Basic Materials background

Key Points

  • China Gold International Resources shares surged above their 200-day moving average, previously at C$12.11, reaching a high of C$23.45 and last traded at C$23.05.
  • The company's market capitalization stands at C$9.14 billion with a PE ratio of 31.01 and a debt-to-equity ratio of 46.97.
  • China Gold International Resources operates primarily in gold mining, with its two main mines being the CSH Mine and the Jiama Mine, which also produces copper.
  • Interested in China Gold International Resources? Here are five stocks we like better.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.11 and traded as high as C$23.45. China Gold International Resources shares last traded at C$23.05, with a volume of 38,624 shares changing hands.

China Gold International Resources Stock Performance

The firm has a market cap of C$9.36 billion, a PE ratio of 31.77 and a beta of 1.61. The company has a 50 day simple moving average of C$16.26 and a 200-day simple moving average of C$12.34. 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

(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.

Further Reading

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