The stock of China Natural Resources Inc (NASDAQ:CHNR) is a huge mover today! The stock increased 4.88% or $0.14 on November 25, hitting $3.01. About 58,782 shares traded hands. China Natural Resources Inc (NASDAQ:CHNR) has risen 91.33% since April 22, 2016 and is uptrending. It has outperformed by 85.92% the S&P500.
The move comes after 6 months positive chart setup for the $73.99M company. It was reported on Nov, 25 by Barchart.com. We have $3.13 PT which if reached, will make NASDAQ:CHNR worth $2.96M more.
According to Zacks Investment Research, “China Natural Resources is primarily an integrated marketing company providing advertising and promotional services to clients in diverse industries, including technology, new media, healthcare and consumer goods.”
CHNR Company Profile
China Natural Resources, Inc., incorporated on December 14, 1993, is a holding company. The Firm holds mining rights that allows it to mine, process and sell non-ferrous metals extracted or produced at Yangchong Mine located in Anhui Province in the People’s Republic of China (PRC). The Firm operates through exploration and mining-non-ferrous metals segment. The Firm focuses to continue its acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sales of iron, zinc and other nonferrous metals extracted or produced at mines mainly located in Anhui Province in the PRC, as well as its operation of related businesses. The Firm conducts these activities through its indirect subsidiary, Wuhu Feishang Mining Development Co., Limited (Wuhu Feishang). The Firm is in the early-stages of exploration for additional mineable ore at Yangchong Mine.
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