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China Natural Resources Inc. (NASDAQ:CHNR) gain 4.58% – Is It right time to buy?

How have the shares performed?


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China Natural Resources Inc. (CHNR) saw an uptrend of 4.58% in the recent trading with $1.60 being its most recent. The current price level -73.51% lower than the highest price of $6.04 marked by the stock while trading over the past 52-weeks, whereas it is 95.12% higher than the lowest price of $0.82 the company dropped to over past 52-weeks. The latest news story on CHNR appeared in PR Newswire under the title “China Natural Resources Reports Full Year 2020 Results” on Apr-23-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -4.76% below one month high and is +33.33% above of the lowest during that time. Looking into the simple moving average, China Natural Resources Inc. (CHNR)’s stock stands at a SMA-50 of $1.5240 while that of 5-day is reading $1.5460.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CHNR’s SMA-200 as of now is $1.5374.

China Natural Resources Inc. Earnings – What Happened With CHNR

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

CHNR – China Natural Resources Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 31.71 million. CHNR does have institutional investors; and they hold 1.20% of the stock.

China Natural Resources Inc. – Insider Activity and Holdings

As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in China Natural Resources Inc. (NASDAQ:CHNR) with an ownership of 0.27 million shares of the company or 0.70% of the stake worth $0.48 million. The filing also reveals Marshall Wace LLP as the second largest holder in the company with a control over 0.16% of the outstanding shares. Its stake is worth $0.11 million for having 62426.0 shares in hand.

Two Sigma Advisers, LP also came holding a key position in the company during the recent quarter and it now holds 0.12% of the outstanding shares. With this there are now 11 institutions which have possession in CHNR’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by China Natural Resources Inc. was 4.57 while posting a debt to equity ratio of 0.01. The count was 0.34 for long-term debt to equity ratio.

China Natural Resources Inc.’s return on equity, or ROE, is 428.10%, compared to the industry average of -14.07% for Basic Materials – Other Industrial Metals & Mining. Although this indicates that CHNR uses its equity well, the metric will vary significantly depending on the industry.

Technical Analysis of China Natural Resources Inc. (NASDAQ:CHNR) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for China Natural Resources Inc. (CHNR), we notice that the stock’s 20-day average volume is at 116,515 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 158,962 shares. And to end with, CHNR’s 100-day average volume are 1,180,463 shares.

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