China Gold International Resources (TSE:CGG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

China Gold International Resources Corp. Ltd. (TSE:CGG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.63 and traded as high as C$27.38. China Gold International Resources shares last traded at C$27.14, with a volume of 39,986 shares changing hands.

China Gold International Resources Price Performance

The firm has a market cap of C$10.76 billion, a P/E ratio of 26.32 and a beta of 1.98. The firm’s fifty day simple moving average is C$24.45 and its 200 day simple moving average is C$17.69. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68.

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 return on equity of 1.32% and a negative net margin of 4.20%.The company had revenue of C$480.42 million for the quarter. As a group, analysts forecast that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current year.

China Gold International Resources Company Profile

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.