China Gold International Resources (TSE:CGG) Share Price Passes Below 200 Day Moving Average – Time to Sell?
by Michael Walen · The Markets DailyChina Gold International Resources Corp. Ltd. (TSE:CGG – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$28.58 and traded as low as C$27.66. China Gold International Resources shares last traded at C$28.79, with a volume of 43,670 shares traded.
China Gold International Resources Stock Performance
The business has a 50-day moving average of C$32.07 and a two-hundred day moving average of C$28.62. The company has a quick ratio of 0.61, a current ratio of 2.25 and a debt-to-equity ratio of 23.71. The firm has a market capitalization of C$11.41 billion, a price-to-earnings ratio of 24.44 and a beta of 1.78.
China Gold International Resources (TSE:CGG – Get Free Report) last posted its earnings results on Monday, March 30th. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$509.69 million for the quarter. China Gold International Resources had a net margin of 35.64% and a return on equity of 22.51%. Research analysts predict 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 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).