China Gold International Resources (TSE:CGG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of China Gold International Resources Corp. Ltd. (TSE:CGGGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.30 and traded as low as C$23.91. China Gold International Resources shares last traded at C$24.37, with a volume of 75,937 shares traded.

China Gold International Resources Price Performance

The business has a 50-day moving average of C$29.20 and a 200 day moving average of C$30.30. The company has a current ratio of 2.03, a quick ratio of 0.61 and a debt-to-equity ratio of 23.36. The firm has a market capitalization of C$9.66 billion, a P/E ratio of 15.69 and a beta of 1.74.

China Gold International Resources (TSE:CGGGet Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported C$0.42 earnings per share (EPS) for the quarter. China Gold International Resources had a return on equity of 27.74% and a net margin of 41.16%.The business had revenue of C$509.69 million for the quarter. On average, sell-side analysts predict that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

China Gold International Resources Company Profile

(Get Free Report)

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).

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