CHNR stock: Next Leg Up

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Wall Street analysts tracking the China Natural Resources Inc. (NASDAQ: CHNR) stock on daily basis. Out of 1 analysts, 0 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 1 recommended that CHNR is a HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL.


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The company’s revenue for the quarter stood at $976.3 million.

The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. China Natural Resources Inc. (NASDAQ: CHNR) share prices have increased by 44.72% over the past week, but are up 77.86% over prices posted in the last quarter. Going further back, the stock’s price has tanked 109.91% over the last 6 months but is up 68.84% in year-to-date trading.

A recent spot check on the stock’s support and resistance revealed that the publicly-traded China Natural Resources Inc. (NASDAQ: CHNR) shares are trading at a price close to -24.60% lower than its 90-day high. On the other hand, the stock is +109.91% away from its low in the 90-day period. More broadly, CHNR’s current price is -61.42% away from 52-week high. The price is 301.98% above from its 52-week low.

A look at another ratio shows that China Natural Resources Inc. has a Return on Investment (ROI) of 20.60%. When profits exceed costs, then the ROI percentage will be positive, and analysts will rate such business as having a net gain. However, if the percentage index is negative, then the company’s costs basically outweigh profits.

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 14.57%, and 11.16% for the month. This stock’s Average True Range (ATR) currently stands at 0.22, with the beta factor poised at 1.33. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.

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Shares of the China Natural Resources Inc. (NASDAQ: CHNR) gained by $0.62 during Tuesday’s regular trading session to climb to $2.33. The company had a daily trading volume of 23.62 million shares, higher than its average intra-day trading volumes of about 372.82K shares.

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Samuel Moore
Samuel Moore is a looked for after product and fates dealer, a choices master and expert. Samuel went through about 35 years on Wall Street, including two decades on the exchanging work area of different firms. “I have a huge Rolodex of data in my mind… such a large number of bull and bear markets. When something occurs, I don’t need to think. I simply respond. History tends to rehash itself again and again.”

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