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

China Gold International Resources Corp. Ltd. (TSE:CGG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.10 and traded as high as C$34.72. China Gold International Resources shares last traded at C$34.62, with a volume of 58,616 shares trading hands.

China Gold International Resources Stock Up 3.2%

The stock has a market cap of C$13.72 billion, a PE ratio of 33.58 and a beta of 2.08. The business has a 50 day moving average price of C$31.71 and a 200 day moving average price of C$25.10. The company has a quick ratio of 0.61, a current ratio of 1.68 and a debt-to-equity ratio of 46.97.

China Gold International Resources (TSE:CGG) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.36 earnings per share 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 during the quarter. Equities research analysts expect that China Gold International Resources Corp. Ltd. will post 6.2699998 EPS for the current fiscal 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.