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

China Gold International Resources Corp. Ltd. (TSE:CGG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.90 and traded as high as C$33.87. China Gold International Resources shares last traded at C$33.87, with a volume of 45,641 shares changing hands.

China Gold International Resources Stock Up 1.9%

The business’s 50 day moving average is C$32.30 and its 200 day moving average is C$26.05. The company has a quick ratio of 0.61, a current ratio of 1.68 and a debt-to-equity ratio of 46.97. The company has a market cap of C$13.68 billion, a P/E ratio of 33.46 and a beta of 2.08.

China Gold International Resources (TSE:CGG) last announced its earnings results on Thursday, November 13th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$480.42 million during the quarter. China Gold International Resources had a negative net margin of 4.20% and a negative return on equity of 1.32%. As a group, equities analysts anticipate that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share 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.