CHNR Stock Summary and Trading Ideas (China Natural Resources - Common Shares | NASDAQ:CHNR)

China Natural Resources Inc is an investment holding company. It principally engaged in the exploration and mining and wastewater treatment businesses in the People's Republic of China. The company has two operating segments: (i) Wastewater treatment segment, which consists of sales of assembled equipment, provision of construction service, and participation in PPP projects as an operator (ii) Exploration and mining segment, which consists of the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the PRC and the trading of copper ores products. It earns the majority of its revenue from the Wastewater treatment segment.

China Natural Resources - Common Shares trades on the NASDAQ stock market under the symbol CHNR.

As of April 19, 2024, CHNR stock price declined to $1.00 with 83,105 million shares trading.

CHNR has a beta of -0.96, meaning it tends to be less sensitive to market movements. CHNR has a correlation of 0.01 to the broad based SPY ETF.

CHNR has a market cap of $9.87 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CHNR stock traded as high as $9.40 and as low as $.86.

CHNR has underperformed the market in the last year with a price return of -54.9% while the SPY ETF gained +21.2%. CHNR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.3% and -18.0%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CHNR support price is $1.04 and resistance is $1.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHNR stock will trade within this expected range on the day.