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China Gold International Resources (TSE:CGG) Stock Price Crosses Above 200 Day Moving Average - Here's Why

China Gold International Resources logo with Basic Materials background

Key Points

  • China Gold International Resources Corp (TSE:CGG) recently surpassed its 200-day moving average, reaching a high of C$12.25 before closing at C$12.09.
  • The company's market capitalization stands at C$3.36 billion, with a PE ratio of -149.74 and a beta of 1.85, indicating high volatility.
  • China Gold primarily derives revenue from gold mining through its two operating mines, the CSH Mine and the Jiama Mine, which also produces copper.
  • Looking to Export and Analyze China Gold International Resources Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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$10.02 and traded as high as C$12.25. China Gold International Resources shares last traded at C$12.09, with a volume of 3,440 shares traded.

China Gold International Resources Stock Performance

The company's 50-day moving average price is C$11.98 and its 200 day moving average price is C$10.04. The stock has a market capitalization of C$3.36 billion, a PE ratio of -149.74 and a beta of 1.85. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68.

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.

See Also

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