China Gold International Resources (TSE:CGG) Sets New 52-Week High – Time to Buy?

China Gold International Resources Corp. Ltd. (TSE:CGG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$44.06 and last traded at C$43.71, with a volume of 10312 shares trading hands. The stock had previously closed at C$42.97.

China Gold International Resources Stock Up 1.9%

The company has a market capitalization of C$17.35 billion, a P/E ratio of 22.42 and a beta of 1.88. The company has a debt-to-equity ratio of 18.14, a quick ratio of 0.61 and a current ratio of 3.17. The stock has a 50 day moving average price of C$29.11 and a 200 day moving average price of C$29.82.

China Gold International Resources Company Profile

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).