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Monday, September 21, 2020

The Rejuvenation of China Natural Resources Inc. (NASDAQ:CHNR)

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The China Natural Resources Inc. (CHNR) shares are trading at higher $1.23.

To add more color to this target, the company’s high over the last year is $6.04 and the low is $0.58. Over the last 52 weeks, CHNR is down -79.64% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CHNR reported a profit of $3000.0. China Natural Resources Inc. also saw revenues increase to $0.2 million. In addition, CHNR has free cash flow of -$0.37 million as of 06-2019. The company’s EBITDA came in at -$0.18 million which compares well with its peers.

CHNR booked profit margins of -43.50%. All told, it is clear that, CHNR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHNR has a short ratio of 0.03 and outstanding shares of 24.91M.

Company Outlook

CHNR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.32 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.03. China Natural Resources Inc. CHNR also noted assets of $0.99 million at the end of the last quarter. Investors should also keep an eye on sector updates as CHNR has historically followed its peers on positive news.

All told, China Natural Resources Inc. CHNR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHNR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

China Natural Resources Inc. CHNR is now commanding a market cap of 30.85M and a float of 9.45M. CHNR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHNR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CHNR, either long or short, and we have not been compensated for this article.

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