China Natural Resources Inc (CHNR) Shares Soar Above 1-Year High

The stock price of China Natural Resources Inc (NASDAQ: CHNR) has jumped by 13.45 compared to previous close of 1.19. Despite this, the company has seen a gain of 12.50% in its stock price over the last five trading days. InvestorPlace reported 2024-02-15 that China Natural Resources (NASDAQ: CHNR ) stock is taking off on Thursday despite a lack of news from the Chinese mining company this morning. Instead, heavy trading is behind the rally.

Is It Worth Investing in China Natural Resources Inc (NASDAQ: CHNR) Right Now?

Moreover, the 36-month beta value for CHNR is 0.71. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for CHNR is 3.66M and currently, short sellers hold a 0.59% of that float. On April 03, 2024, CHNR’s average trading volume was 1.20M shares.

CHNR’s Market Performance

The stock of China Natural Resources Inc (CHNR) has seen a 12.50% increase in the past week, with a 17.39% rise in the past month, and a -15.25% fall in the past quarter. The volatility ratio for the week is 8.05%, and the volatility levels for the past 30 days are at 9.12% for CHNR. The simple moving average for the past 20 days is 11.64% for CHNR’s stock, with a -20.62% simple moving average for the past 200 days.

CHNR Trading at 11.44% from the 50-Day Moving Average

After a stumble in the market that brought CHNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.75% of loss for the given period.

Volatility was left at 9.12%, however, over the last 30 days, the volatility rate increased by 8.05%, as shares surge +14.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.28% upper at present.

During the last 5 trading sessions, CHNR rose by +12.50%, which changed the moving average for the period of 200-days by -36.62% in comparison to the 20-day moving average, which settled at $1.2178. In addition, China Natural Resources Inc saw -15.25% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CHNR

Current profitability levels for the company are sitting at:

  • -2.43 for the present operating margin
  • 0.33 for the gross margin

The net margin for China Natural Resources Inc stands at -2.26. The total capital return value is set at -0.02. Equity return is now at value -55.33, with -8.31 for asset returns.

Based on China Natural Resources Inc (CHNR), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is -11.43.

Currently, EBITDA for the company is -12.63 million with net debt to EBITDA at -7.9. When we switch over and look at the enterprise to sales, we see a ratio of 23.61. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.

Conclusion

To wrap up, the performance of China Natural Resources Inc (CHNR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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