China Gold International Resources (TSE:CGG) Reaches New 1-Year High – Here’s What Happened

China Gold International Resources Corp. Ltd. (TSE:CGG)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$48.88 and last traded at C$48.64, with a volume of 9465 shares changing hands. The stock had previously closed at C$46.98.

China Gold International Resources Trading Up 3.7%

The company has a quick ratio of 0.61, a current ratio of 3.17 and a debt-to-equity ratio of 18.14. The firm’s 50 day moving average is C$34.93 and its two-hundred day moving average is C$31.01. The stock has a market cap of C$19.31 billion, a price-to-earnings ratio of 24.95 and a beta of 2.09.

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).