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

China Gold International Resources Corp. Ltd. (TSE:CGG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.73 and traded as low as C$6.61. China Gold International Resources shares last traded at C$6.68, with a volume of 6,870 shares traded.

China Gold International Resources Stock Performance

The firm’s 50-day moving average is C$6.14 and its 200 day moving average is C$7.68. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 46.68. The firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of -23.43 and a beta of 1.85.

China Gold International Resources (TSE:CGG) last posted its earnings results on Wednesday, August 14th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$202.44 million for the quarter. China Gold International Resources had a negative return on equity of 4.58% and a negative net margin of 23.75%. On average, equities analysts predict that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

China Gold International Resources Company Profile

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.