China Natural Resources (NASDAQ: CHNR), through its subsidiaries, conducts exploration and mining of metal properties in the PRC. The Company searches for mineral deposits, including lead, copper, and silver. Moruogu Tong, a 10.43-square-kilometer mine in Bayannaoer City, Inner Mongolia, is owned by the Company.
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The Company has a Market Cap of 47.071M and is trading at a distance of -7.12% from the 20-Day Simple Moving Average. Yesterday it closed -2.17% down at $1.35, but today before market opening, it plunged further -14.07% to $1.16. There are no news releases or press releases from the Other Industrial Metals & Miningcompany, so what else is there to know? And why is CHNR stock trending lower today? With those questions in mind, Let’s look atthe recent announcements by the Company.
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Past Highlights by CHNR
• Zou Yu was appointed Vice President of China Natural Resources, Inc. (NASDAQ: CHNR) on October 22, 2020.
• On October 16, 2020,the Firm announced that it has decided to invest in healthcare in addition to its mining segment.
• On September 11, 2020, Company released downbeat unaudited interim financial data for the six months ended June 30, 2020.
Conclusion:
There’s no obvious explanation for the bearish performance of this stock except for “restless investors.” The fact is, that could be an effect of New Year’s chimes as everyone attempts to forget one of the worst times of human history amid the covid-19 surge.
