China Gold International Resources (TSE:CGG) Reaches New 1-Year High – Still a Buy?

Shares of China Gold International Resources Corp. Ltd. (TSE:CGGGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$10.00 and last traded at C$10.00, with a volume of 8320 shares. The stock had previously closed at C$9.75.

China Gold International Resources Price Performance

The firm has a market cap of C$2.78 billion, a price-to-earnings ratio of -123.86 and a beta of 1.85. The company has a current ratio of 1.68, a quick ratio of 0.61 and a debt-to-equity ratio of 46.97. The company has a 50 day moving average of C$8.95 and a 200 day moving average of C$7.73.

About China Gold International Resources

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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.

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