China Gold International Resources (TSE:CGG) Reaches New 52-Week High – Here’s Why

China Gold International Resources Corp. Ltd. (TSE:CGGGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$48.88 and last traded at C$48.19, with a volume of 24279 shares changing hands. The stock had previously closed at C$45.40.

China Gold International Resources Stock Performance

The company has a quick ratio of 0.61, a current ratio of 3.17 and a debt-to-equity ratio of 18.14. The business has a 50 day simple moving average of C$31.30 and a two-hundred day simple moving average of C$30.31. The firm has a market cap of C$18.92 billion, a PE ratio of 24.44 and a beta of 1.88.

China Gold International Resources Company Profile

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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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