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China Gold International Resources (TSE:CGG) Reaches New 52-Week High - Time to Buy?

China Gold International Resources logo with Basic Materials background
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Shares of China Gold International Resources Corp. Ltd. (TSE:CGG - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.84 and last traded at C$9.88, with a volume of 15802 shares. The stock had previously closed at C$9.90.

China Gold International Resources Trading Down 2.1 %

The business's 50 day moving average price is C$8.61 and its 200-day moving average price is C$7.26. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68. The company has a market cap of C$2.70 billion, a price-to-earnings ratio of -120.27 and a beta of 1.85.

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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