China Gold International Resources (TSE:CGG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of China Gold International Resources Corp. Ltd. (TSE:CGG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$28.85 and traded as high as C$31.20. China Gold International Resources shares last traded at C$30.97, with a volume of 46,875 shares.

China Gold International Resources Stock Performance

The company has a current ratio of 2.25, a quick ratio of 0.61 and a debt-to-equity ratio of 23.71. The business’s 50 day moving average is C$31.07 and its 200 day moving average is C$28.85. The stock has a market capitalization of C$12.28 billion, a PE ratio of 26.29 and a beta of 2.14.

China Gold International Resources (TSE:CGG) last released its quarterly earnings results on Monday, March 30th. The company reported C$0.42 EPS for the quarter. China Gold International Resources had a net margin of 35.51% and a return on equity of 22.42%. The firm had revenue of C$509.69 million during the quarter. On average, equities research analysts predict that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

About China Gold International Resources

China Gold International Resources is a gold and base metal mining company incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The Company’s objective is to build shareholder value through growing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKE X: 2099).