China Natural Resources, Inc. (NASDAQ:CHNR) traded at $1.19 at last check on Monday, Sep 14, making an upward move of 9.17% on its previous day’s price.
Looking at the stock we see that its previous close was $1.09 and the beta (5Y monthly) reads 1.75 with the day’s price range being $1.1100 – 1.4600. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, CHNR has a high of $6.04 and a low of $0.58. The company’s stock has gained about -4.8% over that past 30 days.
On the other hand, looking at the outlook for the CHNR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the China Natural Resources, Inc. (CHNR) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare China (CHNR) stock to its peers. We find that today’s price change of +9.17% and -52.59% over the past 12 months for CHNR competes that of Bhp Billiton Ltd (BHP), which has seen its stock price rise 1.24% in the latest trading session and is +5.66% over the last one year. Another of its peers Rio Tinto Plc (RIO) has dropped -0.13% today, and is +16.43% up over the past year, while Newmont Mining Corp (NEM) is also up 9.17% yet its price remains in the red at -52.59% over the same period. Bhp has a P/E ratio of 17.48 compared to China’s 0 and Rio’s 14.49. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to China Natural Resources, Inc. (NASDAQ:CHNR), we note that the average 3-month trading volume was 518.56 Million, while that of the preceding 10-day period stands at 187.38 Million. Current shares outstanding are 33.99 Million.
According to data from Thomson Reuters, insiders hold 62.07% of the company’s shares while institutions hold 0.21%. The data shows that short shares as of August 30, 2020, stood at 15.91 Million at a short ratio of 0.05. This represents a 0.05% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 7.6 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -43.06% down in year-to-date price movement.