China Gold International Resources (TSE:CGG) Shares Cross Above 200-Day Moving Average – What’s Next?

China Gold International Resources Corp. Ltd. (TSE:CGG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.37 and traded as high as C$9.60. China Gold International Resources shares last traded at C$9.60, with a volume of 217 shares changing hands.

China Gold International Resources Price Performance

The firm has a market cap of C$2.67 billion, a P/E ratio of -118.90 and a beta of 1.85. The business’s fifty day simple moving average is C$8.74 and its 200-day simple moving average is C$7.37. The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97.

China Gold International Resources Company Profile

China Gold International Resources Corp. Ltd., a gold and base metal mining company, acquires, explores for, develops, and mines mineral properties in the People's Republic of China. It primarily holds 96.5% interest in the Chang Shan Hao gold mine located in Inner Mongolia; and holds interest in the Jiama copper-gold polymetallic mine that hosts copper, gold, molybdenum, silver, lead, and zinc metals located in Tibet.