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

China Gold International Resources Corp. Ltd. (TSE:CGG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.79 and traded as high as C$32.17. China Gold International Resources shares last traded at C$31.39, with a volume of 49,222 shares traded.

China Gold International Resources Stock Performance

The stock has a market capitalization of C$12.44 billion, a P/E ratio of 20.20 and a beta of 1.85. The company has a 50 day simple moving average of C$26.21 and a 200-day simple moving average of C$29.79. The company has a debt-to-equity ratio of 23.36, a current ratio of 2.03 and a quick ratio of 0.61.

About China Gold International Resources

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).