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Tag: CHNR

  • China Natural Resources (CNHR) Stock Skyrockets Amidst Market Uncertainty

    China Natural Resources, Inc. (NASDAQ: CHNR) witnessed a staggering surge in its stock price, catapulting by almost 16% in this morning’s premarket session, following a substantial 4.5% climb during the previous trading day. This surge, however, lacks a discernible catalyst, raising concerns of a potential pump-and-dump scenario.

    Company Overview and Developments

    The company, primarily engaged in lead, silver, and metal exploration in China’s Inner Mongolia Autonomous Region, operates across two segments: Wastewater Treatment and Exploration and Mining. Despite its recent market performance, the lack of significant news leaves investors grappling for insight.

    Market analysts express bearish sentiment, attributing the price surge to liquidity-driven maneuvers, with suspicions that warrants are being offloaded. While the company recently struck a deal valued at approximately $13 million, surpassing its market capitalization of $8 million, sentiments appear to have excessively inflated the stock, leaving investors vulnerable to market bubbles.

    Moreover, scant financial disclosures and unaudited reports filed with the SEC further obscure the company’s financial standing, heightening investor skepticism.

    Management Clarifications

    Management attempts to assuage concerns, emphasizing its status as a BVI holding company with operations in China and Hong Kong. However, regulatory risks loom large, with recent Chinese government actions targeting data security and anti-monopoly measures potentially impacting the company’s operations and listing status on U.S. exchanges.

    Additionally, the specter of the Holding Foreign Companies Accountable Act (HFCAA) hovers over the company, as its auditor remains subject to scrutiny by the Public Company Accounting Oversight Board (PCAOB), a crucial determinant for continued trading on U.S. markets.

    Conclusion

    Investors tread cautiously amidst the stock’s meteoric rise, mindful of underlying regulatory uncertainties and the company’s opaque financials. With risks abound, prudent assessment and due diligence remain paramount for those enticed by China Natural Resources, Inc.’s volatile market performance.

  • Stock Corrections: China Natural Resources Inc. (CHNR) Plummets After Hours

    China Natural Resources Inc. (CHNR) stock gained a huge 27.79% during regular trading on January 06. Following the gain, the stock succumbed to corrections in the after-hours session.

    On Thursday, CHNR stock closed the regular trading session at $0.8600 with a gain of $0.1870. Consequently, the stock lost 12.56% to corrections in the after-hours at $0.7520.

    The metals exploration holding company, China Natural Resources Inc. was founded in 1993. Currently, its 40.95 million outstanding shares trade at a market capitalization of $27.56 million.

    What is happening?

    On January 06, CHNR stock surged high on a hefty volume of 3.42 million, which was 2,447% of its average of 139.63K shares. While there was no news from the company, the stock reached a high of $1.09 after almost forty-five days. Given the huge gain and reaching such a high price, the stock was bound to fall under corrections. Hence, CHNR fell under corrections in the after-hours to shed its gains.

    In the bigger picture, the stock has added 48.28% in the past five days and 8.78% last month. Moreover, the stock suffered a loss of 31.75% in the past three months and 46.91% last year.

    CHNR’s Business Diversification

    On July 27, the company entered into a Sale and Purchase Agreement for acquiring 100% equity interests of Precise Space-Time Technology Limited. The consideration for the transaction was 104.1 million Chinese Yuan (US$16.1 million). Further, this consideration amount was a 20% discount to Precise Space Time’s value. Moreover, the consideration consisted of:

    • The company’s 120 million shares of Feishang Anthracite Resources Limited.
    • 3 million restricted shares of CHNR
    • Cash.

    Furthermore, the price of the above-mentioned shares was based on the five-day average closing price before July 27.

    In addition, Precise Space-Time owns 51% equity interest in Shanghai Onway Environmental Co. Ltd, through its subsidiaries.

    CHNR’s Financial Results

    On November 05, the company disclosed its unaudited financial results for the first half of 2021, which ended on June 30.

    In the first half of 2021, CHNR incurred a net loss of CNY26.74 million (US$4.14 million). This compares to a profit of CNY2.74 million (US$0.42 million) in the first half of 2020.

    At the end of the six-month period of 2021, the company had a cash balance of CNY32.54 million (US$5.04 million).

    In addition, the company had no revenues in the first half of 2021.

  • 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.