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China Gold International Resources (TSE:CGG) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

China Gold International Resources logo with Basic Materials background

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.
  • Five stocks to consider instead of China Gold International Resources.

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

China Gold International Resources Stock Down 3.5%

The business has a fifty day simple moving average of C$15.14 and a two-hundred day simple moving average of C$11.85. The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97. The company has a market cap of C$9.47 billion, a PE ratio of 32.12 and a beta of 1.61.

China Gold International Resources Company Profile

(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.

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