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) 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 Price Performance

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 stock’s 50-day moving average is C$6.14 and its 200-day moving average is C$7.68. The company has a market cap 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 released its earnings results on Wednesday, August 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. China Gold International Resources had a negative net margin of 23.75% and a negative return on equity of 4.58%. The company had revenue of C$202.44 million for the quarter. On average, analysts anticipate that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

About China Gold International Resources

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.