China Gold International Resources (TSE:CGG) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• China Gold International Resources (TSE:CGG) shares surpassed their 200-day moving average of C$11.49, trading at C$22.51 with a daily volume of 58,072 shares.
• The company has a market capitalization of C$8.92 billion, a PE ratio of 30.28, and operates primarily in the gold and copper mining sectors in China.
• China Gold International's stock has a beta of 1.61, indicating higher volatility compared to the market.

China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.49 and traded as high as C$22.83. China Gold International Resources shares last traded at C$22.51, with a volume of 58,072 shares changing hands.

China Gold International Resources Price Performance

The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97. The company's fifty day moving average is C$15.14 and its two-hundred day moving average is C$11.80. The stock has a market cap of C$9.81 billion, a price-to-earnings ratio of 33.29 and a beta of 1.61.

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.