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

Key Points

• China Gold International Resources Corp. shares surpassed their 200-day moving average, reaching a high of C$24.66 during trading.
• The company has a market capitalization of approximately C$9.71 billion and a notable debt-to-equity ratio of 46.97.
• China Gold primarily operates two mines in China—CSH Mine for gold and Jiama Mine for both gold and copper production.

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.74 and traded as high as C$24.66. China Gold International Resources shares last traded at C$24.49, with a volume of 67,343 shares.

China Gold International Resources Trading Up 5.5%

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 capitalization of C$9.71 billion, a price-to-earnings ratio of 32.94 and a beta of 1.61. The company has a fifty day moving average of C$17.22 and a 200-day moving average of C$12.74.

About China Gold International Resources

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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