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China Natural Resources ( (CHNR) ) has shared an update.
China Natural Resources reported its financial results for the first half of 2024, highlighting a significant decrease in losses compared to 2023. This improvement was attributed to a fair value gain on financial instruments and the disposal of a loss-generating water treatment business. Despite delays in the acquisition of Williams Minerals, the company remains committed to resolving outstanding conditions and leveraging its expertise in mining to enhance its business strategy and market positioning.
More about China Natural Resources
China Natural Resources, Inc. (NASDAQ: CHNR) is a holding company primarily engaged in the exploration and mining sector. The company’s focus is on acquiring and exploiting mining rights in Inner Mongolia, particularly for lead, silver, and other nonferrous metals. Additionally, it is exploring opportunities in the healthcare and other non-natural resource sectors. The company is also involved in acquiring Williams Minerals, which operates a lithium mine in Zimbabwe.
YTD Price Performance: -59.20%
Average Trading Volume: 63,891
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.41M
For an in-depth examination of CHNR stock, go to TipRanks’ Stock Analysis page.
