China Gold International Resources (TSE:CGG) Reaches New 52-Week High – Still a Buy?

China Gold International Resources Corp. Ltd. (TSE:CGGGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$9.76 and last traded at C$9.74, with a volume of 28741 shares changing hands. The stock had previously closed at C$9.37.

China Gold International Resources Price Performance

The stock has a market capitalization of C$2.72 billion, a price-to-earnings ratio of -121.01 and a beta of 1.85. 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 fifty day simple moving average of C$8.45 and a two-hundred day simple moving average of C$7.15.

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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