China Gold International Resources (TSE:CGG) Reaches New 52-Week High – Here’s What Happened
by Tristan Rich · The Markets DailyChina Gold International Resources Corp. Ltd. (TSE:CGG – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$29.48 and last traded at C$29.41, with a volume of 45196 shares changing hands. The stock had previously closed at C$28.38.
China Gold International Resources Price Performance
The firm has a market cap of C$11.66 billion, a price-to-earnings ratio of 28.54 and a beta of 2.08. The company’s fifty day moving average is C$26.90 and its 200 day moving average is C$21.16. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$480.42 million for the quarter. China Gold International Resources had a negative net margin of 4.20% and a negative return on equity of 1.32%. On average, equities research analysts predict that China Gold International Resources Corp. Ltd. will post 6.2699998 EPS for the current 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.