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Is China Natural Resources Inc. (NASDAQ: CHNR) A Suitable Stock For New Investors Today?

China Natural Resources Inc. (NASDAQ:CHNR) shares, rose in value on Friday, 08/05/22, with the stock price down by -4.18% to the previous day’s close as strong demand from buyers drove the stock to $0.68.

Actively observing the price movement in the last trading, the stock closed the session at $0.71, falling within a range of $0.6501 and $0.7453. The value of beta (5-year monthly) was 0.59. Referring to stock’s 52-week performance, its high was $1.44, and the low was $0.56. On the whole, CHNR has fluctuated by 0.48% over the past month.

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With the market capitalization of China Natural Resources Inc. currently standing at about $27.90 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 05, 2021.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CHNR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CHNR currently trading nearly 4.52% and 1.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.54, while the 7-day volatility ratio is showing 18.63% which for the 30-day chart, stands at 7.01%. Furthermore, China Natural Resources Inc. (CHNR)’s beta value is 0.58, and its average true range (ATR) is 0.06.

A comparison of China Natural Resources Inc. (CHNR) with its peers suggests the former has fared considerably weaker in the market. CHNR showed an intraday change of -4.18% in last session, and over the past year, it shrunk by -51.04%%. In comparison, Western Copper and Gold Corporation (WRN) has moved higher at 6.62% on the day and was down -21.20% over the past 12 months. Additionally, there is a gain of 2.51% for Hudbay Minerals Inc. (HBM) in last trading while the stock has seen an overall depriciation of -45.64%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.

Data on historical trading for China Natural Resources Inc. (NASDAQ:CHNR) indicates that the trading volumes over the past 10 days have averaged 0.14 million and over the past 3 months, they’ve averaged 31.06K. According to company’s latest data on outstanding shares, there are 43.95 million shares outstanding.

Nearly 72.40% of China Natural Resources Inc.’s shares belong to company insiders and institutional investors own 0.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6020.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.44. According to the data, the short interest in China Natural Resources Inc. (CHNR) stood at 0.01% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1740.0. The stock has risen by 16.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHNR stock heading into the next quarter.

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