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Tag: China Natural Resources Inc.

  • What Drove The CHNR Stock Up 40% During Extended Trading?

    On the last check Tuesday, China Natural Resources Inc. (CHNR) gained 39.71% at $1.90 in after-hours trading. CHNR stock declined -6.21% to close at $1.36, trading in a range of $1.3301 to $1.4367. A total of 3.19 million CHNR shares were traded on the day, which was above its 100-day daily average of 0.23 million shares. In the last five days, CHNR shares have lost -8.72%, while they have lost -11.69% in the last month. An acquisition agreement led to a rise in CHNR stock.

    What was the contract signed by CHNR?

    The focus of China Natural Resources is currently acquisition and exploitation of mining resources in Inner Mongolia.  CHNR is also actively exploring business opportunities outside of natural resources, such as healthcare and other non-resource sectors. CHNR is engaged in exploring for lead, silver, and other nonferrous metals.

    It was announced yesterday that China Natural Resources had acquired Precise Space-Time Technology Limited (“Precise Space-Time Technology”).

    • As estimated by an independent valuation firm, the acquisition price was approximately 104.1 million Chinese Yuan (US$16.1 million), which represents a 20% discount from Precise Space-Time Technology’s value.
    • A total of 120 million shares of Feishang Anthracite Resources Limited held by CHNR, 3 million restricted shares of CHNR, and cash will be the consideration.
    • By way of its wholly owned subsidiaries, Precision Space-Time Technology owns a 51% stake in Shanghai Onway Environmental Co., Ltd. (“Shanghai Onway”).
    • As a principally engaged in providing engineering, procurement and construction services for wastewater treatment in China, Shanghai Onway primarily provides equipment for rural wastewater treatment.
    • The mining and healthcare sector businesses of Precise Space-Time Technology fit well with CHNR’s strategic objectives.
    • CHNR is reviewing possible ways to reduce environmental impacts during mining operations and to preserve local water quality standards by leveraging Shanghai Onway.
    • Additionally, CHNR discovered a significant difference between the rural and urban sewage treatment rates in China.
    • Through the construction of sewage treatment facilities in the villages where CHNR operates, it can help close that gap.
    • During the past few years, the rural sewage treatment industry has experienced rapid growth.
    • CHNR can find opportunities outside of its current operations, in addition to leveraging valuable synergies.

    Is the recent acquisition a positive development for CHNR Stock?

    As a result of the current move, CHNR shareholders will be able to reap the benefits of a profitable business. In addition to entering an attractive environmental protection business, CHNR’s acquisition of Precise Space-Time Technology will further strengthen its long-term growth prospects. In addition to the experience, customer relationships, and valuable market insight that Precise Space-Time Technology will offer, CHNR will directly benefit from their expertise.

  • 20 Trending Stocks In Metals Mining Industry To Invest In

    20 Trending Stocks In Metals Mining Industry To Invest In

    The mining industry has experienced many challenges in the past few years. The mining industry is recovering from the uncertain period of the year. As we are now in the era of the fourth industrial revolution, digitization is providing technological advancements for the mining sector. This industry reach is so wide that many that the utilization rate of metal is the main factor that determines the health of the global economy.

    There are few trends in the mining sector that the mining companies can adopt to gain a competitive edge. These trends include dynamically managing risk, the path to decarbonization, modernizing core technologies, and various opportunities in the period of uncertainty.

    Here are the top 20 companies in the mining sector which are following new trends to compete in the fast-growing market:

    Westwater Resources Inc. (NASDAQ: WWR)

    Westwater Resources Inc. (NASDAQ: WWR) shares were trading up 49.32% at $4.42 at the time of writing on Friday. Westwater Resources Inc. (NASDAQ: WWR) share price went from a low point around $0.25 to briefly over $9.25 in the past 52 weeks, though shares have since pulled back to $4.42.

    Westwater Resoruces Inc. applauds the President’s Executive Order signed on September 30, 2020, that addresses the threat to the U.S. domestic supply chain from reliance on critical minerals from foreign adversaries. WWR market cap has remained high, hitting $24.49M at the time of writing.

    Vale S.A. (VALE)

    Vale S.A. (VALE) stock drop by -0.19% to $10.39. The most recent rating by Exane BNP Paribas, on June 05, 2020, is at an Outperform. Vale S.A. (VALE) has announced earlier it will end production of manganese ferroalloys in the city of Simões Filho, in Bahia state, the company said in a filing on Monday. The company projects to execute the shutdown by the end of the year. This company market capitalization has remained high, $55.11 billion at the time of writing.

    Northern Dynasty Minerals Ltd. (AMEX: NAK)

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares headed falling, lower as much as 0.00%. The most recent rating by H.C. Wainwright, on October 19, 2017, is at a Buy. Northern Dynasty Minerals Ltd. (NAK) has earlier issued a Technical Report on Alaska’s Pebble Project, including a revised mineral resource estimate disclosed in August that establishes Pebble as the single most significant source of Rhenium in the world.

    Teck Resources Limited (NYSE: TECK)

    Teck Resources Limited (NYSE: TECK) rose 1.42% after gaining more than $0.2 on Friday. Teck Resources Limited (TECK) has earlier disclosed that it has named Alejandro Vásquez as the Vice President, South America. Mr. Vásquez is responsible for Teck’s operating assets in South America and Teck’s corporate office in Santiago. Justine Fisher has been named Vice President and Treasurer, following the retirement of Scott Wilson.  Amber Johnston-Billings has been named Vice President, Communities, Government Affairs, and HSEC Systems effective October 12, following the retirement of Mark Edwards.

    Rio Tinto Group (NYSE: RIO)

    Rio Tinto Group (NYSE: RIO) stock soar by 1.12% to $60.49. The most recent rating by Credit Suisse, on September 30, 2020, is at a Neutral. Rio Tinto Group (RIO) disclosed that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned after community members filed a complaint with the Australian government.

    BHP Group (NYSE: BHP)

    BHP Group (NYSE: BHP) Shares headed rising, higher as much as 0.23%. The most recent rating by Credit Suisse, on September 30, 2020, is at an Outperform. BHP Group (BHP) revealed earlier that the destruction of a 43,000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous landowners and the resource industry. This company has a total market capitalization of $121.45 billion at the time of writing.

    Great Panther Mining Limited (AMEX: GPL)

    Great Panther Mining Limited (AMEX: GPL) last closed at $0.87, in a 52-week range of $0.23 to $1.07. Great Panther Mining Limited (GPL) has disclosed the publication of its first Sustainability Report highlighting the progress, initiatives, and commitments in the areas of health, safety, environmental, social, and governance management.

    SilverCrest Metals Inc. (AMEX: SILV)

    SilverCrest Metals Inc. (AMEX: SILV) stock drop by -3.00% to $8.40. The most recent rating by B. Riley FBR, on March 03, 2020, is at a Buy. SilverCrest Metals Inc. (SILV) is pleased to announce the appointment of Tara Hassan as Vice President, Corporate Development. Ms. Hassan is a mining engineer with over 15 years of industry experience, including mine operations, mining technology, project development, and capital markets.

    Taseko Mines Limited (AMEX: TGB)

    Taseko Mines Limited (TGB) last closed at $1.02, in a 52-week range of $0.20 to $1.34. Taseko Mines Limited (TGB) is pleased to disclose that its Gibraltar Mine has been awarded the prestigious Jake McDonald Annual Award for Metal Mine Reclamation from the British Columbia Technical and Research Committee on Reclamation. It has moved up 436.35% from its 52-weeks low and moved down -19.95% from its 52-weeks low. This company has a total market capitalization of $253.20 million at the time of writing.

    Americas Gold and Silver Corporation (AMEX: USAS)

    Americas Gold and Silver Corporation (AMEX: USAS) fall -1.53% after losing more than -$0.04 on Friday. Americas Gold and Silver Corporation (USAS) growing North American precious metals producer, provides an update to its Mineral Reserve and Resource statement as of June 30, 2020. This company has a total market capitalization of $298.67 million at the time of writing.

    China Natural Resources Inc. (NASDAQ: CHNR)

    China Natural Resources Inc. (NASDAQ: CHNR) fall 0.00% after losing more than $0.0 on Friday. China Natural Resources Inc. (CHNR) has released unaudited interim financial information for the six months ended June 30, 2020. This company market capitalization has remained high, hitting $39.41 million at the time of writing. If we look at the liquidity of this company, it has a current ratio of 0.10.

    Auryn Resources Inc. (AUG)

    Auryn Resources Inc. (AUG) last closed at $2.12, in a 52-week range of $0.71 to $2.66. Analysts have a consensus price target of $3.40. Auryn Resources Inc. (AUG) and Eastmain Resources Inc. (TSX: ER)  has earlier announced that proxy voting has concluded with support from shareholders of both companies in excess of 99% for the previously announced transactions pursuant to which Auryn spins out its Peruvian assets and immediately acquires Eastmain.

    Lithium Americas Corp. (NYSE: LAC)

    Lithium Americas Corp. (LAC) last closed at $14.70, in a 52-week range of $1.92 to $12.93. Lithium Americas Corp. (LAC) share price went from a low point around $1.92 to briefly over $15.30 in the past 52 weeks, though shares have since pulled back to $16.28. It has moved up 747.86% and 6.40% from its 52-weeks low and high, respectively. LAC market cap has remained high, hitting $1.33 billion at the time of writing.

    Piedmont Lithium Limited (NASDAQ: PLL)

    Piedmont Lithium Limited (PLL) last closed at $26.11, in a 52-week range of $4.00 to $54.50. Analysts have a consensus price target of $30.50. Piedmont Lithium Limited (PLL) stock has moved up 685.25% from its 52-weeks high and moved down -42.37% from its 52-weeks low. Its market capitalization has remained high, hitting $301.65 million at the time of writing.

    BHP Group (NYSE: BBL)

    BHP Group (NYSE: BBL) rose 0.64% after gaining more than $0.27 on Friday. BHP Group share price went from a low point around $23.64 to briefly over $48.67 in the past 52 weeks, though shares have since pulled back to $42.86. It has moved up 81.30% from its 52-weeks low and moved down -11.94% from its 52-weeks high. BBL market cap has remained high, hitting $121.45  billion at the time of writing.

    PolyMet Mining Corp. (AMEX: PLM)

    PolyMet Mining Corp. (AMEX: PLM) Shares headed rising, higher as much as 1.30%. The most recent rating by H.C. Wainwright, on September 08, 2014, is at a Buy. PolyMet Mining Corp. shares have fluctuated $1.50 from its 52-weeks low range and $9.70 from its 52-weeks high range. It has moved up 169.67% from its 52-weeks low and moved down -58.30% from its 52-weeks low. This company has a total market capitalization of $386.31 million at the time of writing.

    Vedanta Limited (NYSE: VEDL)

    Vedanta Limited (NYSE: VEDL) stock drop by -0.95% to $7.33. The most recent rating by JP Morgan, on May 05, 2020, is at a Neutral. Vedanta Limited (VEDL) share price went from a low point around $3.24 to briefly over $9.41 in the past 52 weeks, though shares have since pulled back to $7.43. It has moved up129.32% from its 52-weeks low and moved down -21.04% from its 52-weeks high. VEDL market cap has remained high, hitting $6.81 billion at the time of writing.

    United States Antimony Corporation (AMEX: UAMY)

    United States Antimony Corporation (AMEX: UAMY) shares headed falling, lower as much as -2.59%. United States Antimony Corporation (UAMY) shares have fluctuated $0.22 from its 52-weeks low range and $0.59 from its 52-weeks high range. It has moved up 33.30% from its 52-weeks low and moved down -50.41% from its 52-weeks low. This company has a total market capitalization of $20.30 million at the time of writing.

    Ferroglobe PLC (NASDAQ: GSM)

    Ferroglobe PLC (NASDAQ: GSM) stock drop by -1.54% to $0.64. The most recent rating by Stifel, on September 16, 2019, is at a Hold. Ferroglobe PLC (GSM) market cap has remained high, hitting $110.00 Million at the time of writing.

    Western Copper and Gold Corporation (AMEX: WRN)

    Western Copper and Gold Corporation (AMEX: WRN) shares headed falling, lower as much as -6.78%. The most recent rating by ROTH Capital, on October 26, 2017, is at a Buy. Western Copper and Gold Corporation (AMEX: WRN) market cap has remained high, hitting $126.70 Million at the time of writing.