China Gold International Resources (TSE:CGG) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• China Gold International Resources (TSE:CGG) has seen its share price surpass the 200-day moving average, currently trading at C$13.23, well above the average of C$10.23.
• The company operates primarily in gold mining with additional revenue from copper production, notably from its CSH and Jiama Mines in China.
• As of the latest data, China Gold International Resources has a market capitalization of C$3.68 billion and a high debt-to-equity ratio of 46.97, which may raise concerns for investors.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.23 and traded as high as C$13.59. China Gold International Resources shares last traded at C$13.23, with a volume of 11,532 shares traded.

China Gold International Resources Price Performance

The company has a 50 day moving average price of C$12.30 and a 200 day moving average price of C$10.32. The firm has a market cap of C$3.89 billion, a PE ratio of -173.40 and a beta of 1.85. The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97.

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.