China Gold International Resources (TSE:CGG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$24.28 and traded as high as C$37.43. China Gold International Resources shares last traded at C$34.77, with a volume of 232,965 shares.

China Gold International Resources Stock Up 1.1%

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 business’s fifty day moving average price is C$31.01 and its two-hundred day moving average price is C$24.28. The firm has a market cap of C$13.78 billion, a P/E ratio of 33.72 and a beta of 2.08.

China Gold International Resources (TSE:CGG) last posted its earnings results on Thursday, November 13th. The company reported C$0.36 EPS for the quarter. China Gold International Resources had a negative net margin of 4.20% and a negative return on equity of 1.32%. The firm had revenue of C$480.42 million for the quarter. As a group, equities research analysts anticipate that China Gold International Resources Corp. Ltd. will post 6.2699998 EPS for the current year.

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. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources.