China Natural Resources Inc (NASDAQ:CHNR) is one of those companies that has been around for years, and very rarely sees much action, but today something quite frightening happened for shareholders of the stock.
China Natural Resources Inc (NASDAQ:CHNR) took a sharp dive as only 10,105 shares traded, but they traded down significantly, effecting the overall value of the company.
The stock is down 26.92% or $0.48 todays, hitting $1.32 per share. About 10,105 shares traded hands or 58.46% up from the average. CHNR has declined 13.46% since May 12, 2015 and is downtrending. It has underperformed the S&P500 by 9.78%.
China Natural Resources, Inc. is engaged in acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sales of iron, zinc and other nonferrous metals extracted or produced at mines primarily located in Anhui Province in the People’s Republic of China , as well as its operation of related businesses. The company has a market cap of $31.52 million. The Company’s sole activities consist of the mining, processing and sale of iron extracted or produced at Yangchong Mine located in Anhui Province in the PRC. It currently has negative earnings. It conducts these activities through its indirect wholly owned subsidiary, Wuhu Feishang.