On the eventful day of July 31, 2023, a remarkable development unfolded as China Natural Resources made a significant decision. They reached an agreement to divest all their remaining shares of the esteemed Precise Space-Time Technology to Feishang Group for a substantial sum of around $13.2 million. This momentous transaction had an immediate impact on the market, with China Natural Resources experiencing a surge in their share prices. The news of this deal spread like wildfire, capturing the attention of investors and industry enthusiasts alike.
China Natural Resources, Inc.
CHNR
Buy
Updated on: 05/12/2023
Financial Health
Healthy
Debt to equity ratio: Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Sell
DCF: Strong Buy
ROE: Sell
CHNR Stock Analysis: Stable Performance and Positive Earnings Growth in 2023
CHNR stock, belonging to the Distribution Services sector and Wholesale Distributors industry, had an eventful day on July 31, 2023. Let’s take a closer look at the stock’s performance for the day.
Starting with the previous day’s closing price of $2.02, CHNR opened at $2.61 on July 31. Throughout the day, the stock’s price fluctuated between a low of $2.36 and a high of $2.70. The trading volume for the day was 58,165 shares, which is higher than the average volume of 27,327 shares over the past three months.
CHNR’s market capitalization stands at $14.6 million. In terms of earnings growth, the company experienced a significant increase of 51.31% in the previous year. However, there is no information available regarding the earnings growth for the current year or the next five years.
On the revenue front, CHNR witnessed a growth rate of 3.81% in the last year. The price-to-sales ratio for the stock is 5.12, indicating that investors are willing to pay $5.12 for every dollar of sales generated by the company. The price-to-book ratio, which compares the stock’s market value to its book value, is 7.48.
It is worth noting that CHNR’s net profit margin is -121.26%, indicating that the company is currently operating at a loss. In the previous year, CHNR reported an annual revenue of $3.0 million but suffered a loss of $3.7 million.
As for the stock’s performance on July 31, 2023, there is no change reported in the stock price, resulting in a 0.00% change for the day.
Unfortunately, there is no information available regarding the next reporting date for CHNR or the earnings per share forecast for the current quarter.
CHNR’s corporate headquarters are located in Hong Kong.
In conclusion, CHNR had a relatively stable day on July 31, 2023, with no change in stock price. The company has shown positive earnings growth in the previous year and moderate revenue growth. However, it is important to note that CHNR is currently operating at a loss and has a negative net profit margin. Investors should closely monitor the company’s financial performance and future prospects before making any investment decisions.
China Natural Resources Inc. (CHNR) Stock Performance Remains Steady, Investors Cautious About Prospects
On July 31, 2023, China Natural Resources Inc. (CHNR) stock performance remained steady, according to information provided by CNN Money. The current consensus among one polled investment analyst is to hold the stock, a rating that has remained unchanged since November when it was downgraded from a buy rating.
The lack of specific data regarding the earnings per share or sales figures for the current quarter is available. The reporting date is also listed as “TBD,” meaning it is yet to be determined when the company will release its financial results for the current quarter.
The fact that the consensus rating has remained steady suggests that investors are cautious about the stock. The downgrade from a buy rating in November could indicate a loss of confidence in the company’s prospects.
Investors should keep an eye on future developments and financial reports from China Natural Resources Inc. to gain a better understanding of the company’s performance and potential for growth. It is essential to consider other sources of information and analysis to make informed investment decisions, as the provided data is limited.
It is crucial to conduct thorough research, consider one’s risk tolerance, and consult with a financial advisor before making any decisions. The stock market can be volatile, and individual stock performances can vary significantly, making it important to approach investments with caution and a long-term perspective.
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