China Gold International Resources (TSE:CGG) Trading Down 9.8% – Here’s What Happened

China Gold International Resources Corp. Ltd. (TSE:CGG)’s share price was down 9.8% on Monday . The stock traded as low as C$42.87 and last traded at C$42.98. 215,517 shares changed hands during mid-day trading, an increase of 142% from the average daily volume of 89,050 shares. The stock had previously closed at C$47.67.

China Gold International Resources Stock Down 10.0%

The company has a debt-to-equity ratio of 18.14, a quick ratio of 0.61 and a current ratio of 3.17. The company has a market cap of C$17.01 billion, a price-to-earnings ratio of 21.97 and a beta of 2.09. The business’s 50 day simple moving average is C$38.37 and its 200-day simple moving average is C$31.62.

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).