China Natural Resources (CHNR)


Market Price (8/8/2026): $4.29 | Market Cap: $2.7 MilSector: Materials | Industry: Diversified Metals & Mining

China Natural Resources (CHNR)


Market Price (8/8/2026): $4.29
Market Cap: $2.7 Mil
Sector: Materials
Industry: Diversified Metals & Mining

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -121%

Weak multi-year price returns
2Y Excs Rtn is -62%, 3Y Excs Rtn is -154%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.8 Mil

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -88%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -491%

Key risks
CHNR key risks include [1] a persistent threat of delisting from Nasdaq for failing to meet the minimum bid price requirement and [2] significant financial instability stemming from a leveraged capital structure.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -121%
1 Weak multi-year price returns
2Y Excs Rtn is -62%, 3Y Excs Rtn is -154%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.8 Mil
3 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -88%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -491%
5 Key risks
CHNR key risks include [1] a persistent threat of delisting from Nasdaq for failing to meet the minimum bid price requirement and [2] significant financial instability stemming from a leveraged capital structure.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/7/2026

China Natural Resources (CHNR) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Absence of new significant company-specific catalysts following prior strategic shifts.

While China Natural Resources (CHNR) saw a surge in its stock price in March 2026 due to the announcement of a non-binding letter of intent to acquire a majority stake in HooRii Technology and a strategic shift toward Physical AI, no comparably impactful company-specific news or major earnings surprises occurred between April 30, 2026, and August 7, 2026. The release of full-year 2025 results on May 15, 2026, indicated quarterly losses of $(0.14) per share, which, while an improvement from the prior year's losses, did not serve as a strong positive catalyst to drive a sustained upward trend.

2. Persistent macroeconomic headwinds and evolving regulatory landscape in the natural resources sector.

The broader natural resources sector, in which China Natural Resources operates, continued to face mixed signals from fluctuating commodity prices, global demand concerns, and general macroeconomic uncertainties during the period. Additionally, new Implementation Regulations of the Mineral Resources Law in China, effective June 15, 2026, introduced a shift to a market-oriented model for granting mining rights and a national security review for foreign investment, potentially introducing new operational considerations and regulatory uncertainty. Tighter export controls on rare earths and strategic minerals, with increased enforcement effective July 1, 2026, also contributed to a challenging operating environment.

Show more
Updated on 8/7/2026

China Natural Resources (CHNR) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Absence of new significant company-specific catalysts following prior strategic shifts.

While China Natural Resources (CHNR) saw a surge in its stock price in March 2026 due to the announcement of a non-binding letter of intent to acquire a majority stake in HooRii Technology and a strategic shift toward Physical AI, no comparably impactful company-specific news or major earnings surprises occurred between April 30, 2026, and August 7, 2026. The release of full-year 2025 results on May 15, 2026, indicated quarterly losses of $(0.14) per share, which, while an improvement from the prior year's losses, did not serve as a strong positive catalyst to drive a sustained upward trend.

2. Persistent macroeconomic headwinds and evolving regulatory landscape in the natural resources sector.

The broader natural resources sector, in which China Natural Resources operates, continued to face mixed signals from fluctuating commodity prices, global demand concerns, and general macroeconomic uncertainties during the period. Additionally, new Implementation Regulations of the Mineral Resources Law in China, effective June 15, 2026, introduced a shift to a market-oriented model for granting mining rights and a national security review for foreign investment, potentially introducing new operational considerations and regulatory uncertainty. Tighter export controls on rare earths and strategic minerals, with increased enforcement effective July 1, 2026, also contributed to a challenging operating environment.

3. Technical trading within established support and resistance levels.

In the absence of strong fundamental drivers, CHNR's stock movement largely remained range-bound, oscillating between identifiable technical support and resistance levels. For instance, in mid-July 2026, the stock traded between support at approximately $3.66 and resistance at $4.04. Later in July, the stock dropped to test support around $3.50 while facing resistance near $3.86. This suggests that investor activity was predominantly influenced by these technical boundaries, leading to a largely sideways trend rather than a significant directional shift.

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Stock Movement Drivers

Fundamental Drivers

The -1.0% change in CHNR stock from 4/30/2026 to 8/7/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020268072026Change
Stock Price ($)4.144.10-1.0%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
P/S Multiple0.0%
Shares Outstanding (Mil)110.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/7/2026
ReturnCorrelation
CHNR-1.0% 
Market (SPY)7.6%33.5%
Sector (XLB)2.7%18.6%

Fundamental Drivers

The -4.0% change in CHNR stock from 1/31/2026 to 8/7/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120268072026Change
Stock Price ($)4.274.10-4.0%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
P/S Multiple0.0%
Shares Outstanding (Mil)110.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/7/2026
ReturnCorrelation
CHNR-4.0% 
Market (SPY)12.1%23.9%
Sector (XLB)7.8%10.9%

Fundamental Drivers

The 13.3% change in CHNR stock from 7/31/2025 to 8/7/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258072026Change
Stock Price ($)3.624.1013.3%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
P/S Multiple0.0%
Shares Outstanding (Mil)110.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/7/2026
ReturnCorrelation
CHNR13.3% 
Market (SPY)23.4%22.1%
Sector (XLB)22.2%13.2%

Fundamental Drivers

The -78.8% change in CHNR stock from 7/31/2023 to 8/7/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120238072026Change
Stock Price ($)19.364.10-78.8%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
P/S Multiple0.0%
Shares Outstanding (Mil)110.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/7/2026
ReturnCorrelation
CHNR-78.8% 
Market (SPY)74.9%-1.4%
Sector (XLB)30.2%0.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CHNR Return-58%-35%-15%-57%-34%6%-93%
Peers Return-6%-17%-2%17%174%1%149%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
CHNR Win Rate33%17%42%25%33%50% 
Peers Win Rate40%47%48%47%73%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CHNR Max Drawdown-80%-69%-66%-84%-91%-33% 
Peers Max Drawdown-41%-53%-40%-31%-28%-40% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEM, FCX, HL, PAAS, CDE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventCHNRS&P 500
2025 US Tariff Shock
  % Loss-87.7%-18.8%
  % Gain to Breakeven714.3%23.1%
  Time to Breakeven92 days79 days
2024 Yen Carry Trade Unwind
  % Loss-26.0%-7.8%
  % Gain to Breakeven35.2%8.5%
  Time to Breakeven57 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.9%-9.5%
  % Gain to Breakeven19.0%10.5%
  Time to Breakeven126 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.9%-24.5%
  % Gain to Breakeven31.4%32.4%
  Time to Breakeven101 days427 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven87.0%50.9%
  Time to Breakeven98 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-10.1%-19.2%
  % Gain to Breakeven11.2%23.8%
  Time to Breakeven70 days105 days

Compare to NEM, FCX, HL, PAAS, CDE

In The Past

China Natural Resources's stock fell -87.7% during the 2025 US Tariff Shock. Such a loss loss requires a 714.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCHNRS&P 500
2025 US Tariff Shock
  % Loss-87.7%-18.8%
  % Gain to Breakeven714.3%23.1%
  Time to Breakeven92 days79 days
2024 Yen Carry Trade Unwind
  % Loss-26.0%-7.8%
  % Gain to Breakeven35.2%8.5%
  Time to Breakeven57 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.9%-24.5%
  % Gain to Breakeven31.4%32.4%
  Time to Breakeven101 days427 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven87.0%50.9%
  Time to Breakeven98 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-62.7%-12.2%
  % Gain to Breakeven167.8%13.9%
  Time to Breakeven43 days62 days
2014-2016 Oil Price Collapse
  % Loss-79.1%-6.8%
  % Gain to Breakeven378.3%7.3%
  Time to Breakeven282 days15 days
2013 Taper Tantrum
  % Loss-32.8%-0.2%
  % Gain to Breakeven48.9%0.2%
  Time to Breakeven6 days1 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-27.6%-15.4%
  % Gain to Breakeven38.2%18.2%
  Time to Breakeven85 days125 days

Compare to NEM, FCX, HL, PAAS, CDE

In The Past

China Natural Resources's stock fell -87.7% during the 2025 US Tariff Shock. Such a loss loss requires a 714.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About China Natural Resources (CHNR)

China Natural Resources (CHNR) is a company engaged in the exploration and mining of various metal properties primarily located within the People's Republic of China. Its core business involves identifying and extracting valuable mineral resources from the earth. The company's main products include base metals such as lead, as well as precious metals like silver, in addition to other metal deposits discovered through its exploration efforts.

The operational focus for CHNR is centered on its interest in the Moruogu Tong mine, a significant asset covering 10.43 square kilometers located in Bayannaoer City, Inner Mongolia. As a supplier of raw metal materials, China Natural Resources primarily serves industrial customers and the broader commodities market within China, providing essential inputs for manufacturing and other sectors reliant on these metals.

AI Analysis | Feedback

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  • Think of it as the Chinese equivalent of a diversified mining company like Teck Resources, but primarily focused on lead and silver.
  • It's like a smaller, China-focused version of a global mining giant such as Rio Tinto or BHP, specializing in metals like lead and silver.
  • Imagine a company like Barrick Gold, but instead of gold, they primarily mine lead and silver, and their operations are mainly in China.
```

AI Analysis | Feedback

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  • Lead: A heavy metal extracted from the company's mining operations.
  • Silver: A precious metal obtained through the company's exploration and mining activities.
  • Other Metal Deposits: Various other metals that the company extracts or plans to extract from its properties.
```

AI Analysis | Feedback

Major Customers of China Natural Resources (CHNR)

China Natural Resources, Inc. (CHNR) operates in the exploration and mining of metal properties, primarily for lead and silver deposits. As such, the company operates within a business-to-business (B2B) model, selling its raw metal concentrates to other industrial companies rather than to individual consumers.

While the company's public filings indicate a high concentration of revenue from a limited number of customers (for example, one customer accounted for approximately 78.4% of total revenue in 2022), the specific names of these major customer companies are not publicly disclosed in their SEC filings (such as their Form 20-F).

Therefore, based on the nature of their business, China Natural Resources' major customers would typically fall into the following categories of industrial buyers:

  • Metal Smelters and Refiners: Companies that process raw metal concentrates (like lead and silver ores) to extract the pure metals. These are crucial intermediaries in the metal supply chain.
  • Metal Traders and Brokers: Firms that specialize in buying and selling raw materials and commodities like metals, connecting miners with downstream manufacturers or other processors.
  • Industrial Manufacturers: While less common for raw concentrates, some large manufacturers that directly utilize these metals in their production processes might purchase directly, though often through refiners or traders.

As the specific names of these customer companies are not available in public disclosures, their symbols (if public) cannot be provided.

AI Analysis | Feedback

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AI Analysis | Feedback

Wah On Edward Wong, Chairman, President and Chief Executive Officer

Mr. Wong has served as the Chairman, President, and Chief Executive Officer of China Natural Resources, Inc. since August 2016. He previously held the position of Chief Financial Officer for the company. In late 2013/early 2014, he resigned from his officer and director roles at China Natural Resources to take on positions with Feishang Anthracite, a spun-off coal mining subsidiary, before returning to lead CHNR. His compensation in 2024 largely comprised equity, suggesting his wealth is primarily tied to his ownership stake or associated entities.

Yang Hongxia, Chief Financial Officer

Ms. Yang was appointed Chief Financial Officer of China Natural Resources, Inc. in October 2025. Prior to joining the company, she served as the chief financial officer of China Resources Vanguard (Holdings) Company Limited from 2023 to September 2025. From August 2020 to July 2023, she was the vice president, chief financial officer, and general manager of the finance department at China Resources Mixc Lifestyle Services Limited, a company listed on the Hong Kong Stock Exchange. Ms. Yang joined China Resources Group in 2004 and held various senior finance and administration roles within China Resources Land Limited, also a Hong Kong-listed company. She holds bachelor's and master's degrees in accounting.

Cheuk Ho Tam, Executive Vice President and Director

Mr. Tam is an Executive Vice President and Director of China Natural Resources, Inc. He has a long history with the company, having previously served as an Executive Vice President and Director. In 2013/2014, he resigned from these roles to assume positions with Feishang Anthracite, a coal mining subsidiary that was spun off, and has since either rejoined or remained as a director.

Peng Wenlie, Vice President

Mr. Peng serves as a Vice President of China Natural Resources, Inc.

Zou Yu, Vice President

Mr. Zou serves as a Vice President of China Natural Resources, Inc.

AI Analysis | Feedback

The key risks to China Natural Resources' business are primarily financial instability, a highly leveraged and uncertain acquisition strategy, and its reliance on exploration-stage assets with minimal current revenue generation.

  1. Financial Instability and Nasdaq Delisting Threat: China Natural Resources operates as a micro-cap company with a very small market capitalization and has reported net losses. The company has explicitly flagged "going concern risk" in its amended 2024 annual report. Furthermore, it has faced notification from the Nasdaq Capital Market for non-compliance with the minimum bid price requirement, indicating a potential delisting risk if its share price does not recover. Its core mining activities contribute minimal revenue, with ¥0.00 total revenue reported in 2024, highlighting a fundamental lack of profitability.
  2. High-Leverage and Uncertain Acquisition Strategy: The company is pursuing a substantial acquisition of Williams Minerals, a lithium mine in Zimbabwe, with a proposed consideration of US$1.75 billion. This amount is significantly larger than China Natural Resources' current market capitalization of approximately $4.43 million, making it an "extremely high-leverage move". The success of this acquisition, described as a "textbook Question Mark," is crucial for the company's future but carries immense financial and execution risks, with no guarantee of completion.
  3. Reliance on Exploration-Stage Assets and Minimal Revenue from Core Operations: China Natural Resources' current operations are characterized by "exploration-stage activities" with its existing Moruogu Tong mine. Its core mining assets have shown minimal contribution to revenue, evidenced by a negative return profile. This means the company's financial health and future depend heavily on the speculative success of its exploration efforts and the profitable development of new mining projects, which is an inherently risky and uncertain business model.

AI Analysis | Feedback

  • Increasingly stringent environmental regulations and enforcement in China's mining sector. The Chinese government has demonstrated a sustained and escalating commitment to environmental protection, resulting in stricter regulations and more rigorous enforcement within its mining industry. This trend leads to higher operational costs for compliance, potential production suspensions, and even the risk of mine closures if environmental standards are not met, directly impacting a company like China Natural Resources operating in the region.
  • Declining long-term demand for lead due to technological shifts and the global energy transition. China Natural Resources explores for lead. A significant global trend is the accelerating adoption of alternative battery technologies, such as lithium-ion, displacing lead-acid batteries in many applications (e.g., electric vehicles, grid-scale energy storage). This ongoing technological shift, driven by the push towards decarbonization and electrification, represents a clear emerging threat to the long-term demand and price stability for lead.

AI Analysis | Feedback

China Natural Resources (CHNR) is primarily engaged in the exploration and mining of lead, silver, and other metal deposits in the Inner Mongolia Autonomous Region of the People's Republic of China.

Addressable Markets for China Natural Resources' Main Products:

  • Lead: The lead mining market in China generated a revenue of approximately USD 3,903.5 million in 2022 and is projected to reach USD 4,418.1 million by 2030, growing at a compound annual growth rate (CAGR) of 1.6% from 2023 to 2030. In terms of consumption, China's lead market revenue rose to USD 14.7 billion in 2024 and is expected to reach USD 19 billion by 2035, with a forecasted CAGR of 2.4% from 2024 to 2035. China accounted for 42.2% of the global lead mining market in 2022 and is expected to lead the global market in terms of revenue by 2030.
  • Silver: The silver market in China is projected to grow at a CAGR of 5.2% during the period of 2025–2031, driven by increasing demand in electronics, solar energy, and pharmaceuticals. More broadly, the China precious metal market, which includes silver, generated a revenue of USD 124,818.9 million in 2024 and is expected to reach USD 199,349.3 million by 2030, growing at a CAGR of 7.9% from 2025 to 2030. Within this, silver is noted as the most lucrative metal segment with the fastest growth during the forecast period.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for China Natural Resources (CHNR) over the next 2-3 years:

  1. Acquisition and Operation of Williams Minerals Lithium Mine: China Natural Resources has agreed to acquire Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion. While there have been delays, the company is actively working to close the deal as soon as possible. Successfully completing this acquisition and bringing the lithium mine into operation would represent a significant expansion into a high-demand commodity market and a substantial driver of future revenue.
  2. Increased Exploration and Potential Nickel Discovery at Moruogu Tong Mine: The company plans to accelerate exploration efforts and capital expenditures at its Moruogu Tong Mine in Inner Mongolia, specifically targeting nickel and other minerals in the southern part of the mine area. This increased investment aims to capitalize on high commodity prices and growing demand for raw materials.
  3. Expansion into the Healthcare Sector in the PRC: China Natural Resources is actively exploring business opportunities in the healthcare sector within the People's Republic of China. The company views this as a growing and attractive market driven by an aging population, increasing disposable income, and rising health awareness, positioning it as a potential source of increased revenues.
  4. Growth in Existing Mineral Exploration Activities: China Natural Resources continues to prudently invest in its core exploration activities at the Wulatehouqi Moruogu Tong Mine for lead, silver, and other nonferrous metals. Further successful exploration and eventual extraction from these deposits are expected to contribute to future revenue as the company works to extract additional value from this mine.
  5. Strategic Mergers and Acquisitions (M&A) in Natural Resource and Other Sectors: The company's future development strategy emphasizes continuing its approach of mergers and acquisitions to grow its businesses. This broader strategy of acquiring reserves of natural resources and exploring opportunities in various sectors, including those outside of natural resources, is a key driver for long-term revenue growth.

AI Analysis | Feedback

Share Repurchases

No information available regarding share repurchases over the last 3-5 years.

Share Issuance

  • In February 2024, China Natural Resources completed a registered direct placement of approximately US$3.27 million of common shares to certain institutional investors, alongside a concurrent private placement of warrants.
  • In May and June 2025, the company announced and implemented an eight-to-one reverse share combination, effective June 12-13, 2025. This was intended to increase the per-share trading price to meet Nasdaq's minimum bid price requirement.

Inbound Investments

No information available regarding large inbound investments in the company by third-parties over the last 3-5 years.

Outbound Investments

  • In 2023, China Natural Resources agreed to acquire Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion.
  • The company disposed of Shanghai Onway Environmental Development Co., Limited in July 2023 to streamline resources.

Capital Expenditures

  • China Natural Resources has been prudently investing in exploration activities at its Wulatehouqi Moruogu Tong Mine in Inner Mongolia to extract further value.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CHNRNEMFCXHLPAASCDEMedian
NameChina Na.Newmont Freeport.Hecla Mi.Pan Amer.Coeur Mi. 
Mkt Price4.10112.9869.6216.8551.2217.3934.30
Mkt Cap0.0120.3100.111.321.617.919.8
Rev LTM-25,76725,8681,6034,0003,1714,000
Op Inc LTM-714,2306,1907561,4921,1451,318
FCF LTM-9,7331,7624841,3121,1561,312
FCF 3Y Avg-5,2351,650166627390627
CFO LTM-12,6285,9007341,6631,4661,663
CFO 3Y Avg-8,3426,290387988659988

Growth & Margins

CHNRNEMFCXHLPAASCDEMedian
NameChina Na.Newmont Freeport.Hecla Mi.Pan Amer.Coeur Mi. 
Rev Chg LTM-25.2%0.2%74.4%33.7%117.3%33.7%
Rev Chg 3Y Avg-32.1%5.9%33.6%42.3%66.2%33.6%
Rev Chg Q-88.4%15.1%-7.3%52.4%49.3%125.9%32.2%
QoQ Delta Rev Chg LTM-3.2%-2.1%7.7%10.5%23.6%7.7%
Op Inc Chg LTM56.8%77.0%-10.5%254.2%177.2%181.9%127.1%
Op Inc Chg 3Y Avg-13.6%148.9%5.0%209.8%341.6%364.3%179.4%
Op Mgn LTM-55.2%23.9%47.2%37.3%36.1%37.3%
Op Mgn 3Y Avg-36.1%26.2%26.2%19.4%23.4%26.2%
QoQ Delta Op Mgn LTM-1.2%-1.2%2.3%5.6%-5.8%1.2%
CFO/Rev LTM-49.0%22.8%45.8%41.6%46.2%45.8%
CFO/Rev 3Y Avg-38.8%24.7%31.5%29.3%28.0%29.3%
FCF/Rev LTM-37.8%6.8%30.2%32.8%36.5%32.8%
FCF/Rev 3Y Avg-22.7%6.5%9.9%17.3%9.0%9.9%

Valuation

CHNRNEMFCXHLPAASCDEMedian
NameChina Na.Newmont Freeport.Hecla Mi.Pan Amer.Coeur Mi. 
Mkt Cap0.0120.3100.111.321.617.919.8
P/S-4.73.97.15.45.65.4
P/Op Inc-0.48.516.214.914.515.614.7
P/EBIT-0.48.914.115.612.516.413.3
P/E-0.214.034.033.817.121.019.1
P/CFO-9.517.015.413.012.213.0
Total Yield-486.8%8.1%3.8%3.0%6.9%4.9%4.3%
Dividend Yield0.0%0.9%0.9%0.1%1.0%0.1%0.5%
FCF Yield 3Y Avg-6.5%2.3%1.4%4.2%0.2%2.3%
D/E0.50.00.10.00.00.00.0
Net D/E-1.2-0.00.1-0.0-0.0-0.0-0.0

Returns

CHNRNEMFCXHLPAASCDEMedian
NameChina Na.Newmont Freeport.Hecla Mi.Pan Amer.Coeur Mi. 
1M Rtn9.9%21.2%21.4%11.7%20.2%14.1%17.2%
3M Rtn-4.7%-2.8%13.2%-9.4%-13.1%-6.2%-5.4%
6M Rtn14.5%-1.6%15.3%-26.0%-6.7%-18.8%-4.1%
12M Rtn20.9%65.3%72.5%133.7%65.1%54.3%65.2%
3Y Rtn-76.5%203.0%69.1%232.0%254.2%549.6%217.5%
1M Excs Rtn5.5%16.3%12.5%3.9%13.3%5.7%9.1%
3M Excs Rtn-10.4%-5.9%9.4%-12.5%-16.8%-9.7%-10.0%
6M Excs Rtn-1.5%-9.6%4.0%-35.0%-15.8%-23.0%-12.7%
12M Excs Rtn0.1%45.8%54.3%153.8%54.6%53.8%54.0%
3Y Excs Rtn-153.6%125.0%-2.3%150.7%174.0%452.1%137.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20222021202020192015
Wastewater treatment2019   
Corporate activities0    
Exploration and mining0 713 
Explorationand Mining – Non-ferrousMetals    18
Total201971318


Operating Income by Segment
$ Mil20202019201820172016
Exploration and mining-1-1-2-0-9
Corporate activities-6-5-5-6-5
Copper smelting    -7
Total-7-6-6-6-21


Net Income by Segment
$ Mil20242023202220202019
Exploration and mining-01-0-1-1
Corporate activities-0-10-2326-5
Total-0-8-2326-6


Assets by Segment
$ Mil20242023202220212020
Exploration and mining2592523601
Corporate activities2221422142
Net off  -245  
Wastewater treatment  315391 
Deferred tax assets   0 
Elimination of inter-segment receivables   -80 
Total261254320333142


Price Behavior

Price Behavior
Market Price$4.10 
Market Cap ($ Bil)0.0 
First Trading Date08/07/1995 
Distance from 52W High-42.8% 
   50 Days200 Days
DMA Price$3.92$4.00
DMA Trenddowndown
Distance from DMA4.7%2.4%
 3M1YR
Volatility72.5%96.2%
Downside Capture166.02126.59
Upside Capture112.14118.17
Correlation (SPY)37.5%21.6%
CHNR Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.101.871.761.361.66-0.35
Up Beta1.852.512.160.351.220.42
Down Beta3.003.823.443.813.11-0.72
Up Capture-11%56%57%70%107%-5%
Bmk +ve Days11223567138427
Stock +ve Days11223158117324
Down Capture64%126%137%121%125%38%
Bmk -ve Days11212859114326
Stock -ve Days10203063129392

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHNR
CHNR22.5%96.0%0.61-
Sector ETF (XLB)22.6%17.8%0.9912.2%
Equity (SPY)23.3%12.8%1.3621.8%
Gold (GLD)28.5%28.4%0.8715.4%
Commodities (DBC)32.9%19.8%1.325.2%
Real Estate (VNQ)14.2%13.8%0.72-2.3%
Bitcoin (BTCUSD)-44.2%42.9%-1.2317.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHNR
CHNR-39.3%299.8%0.39-
Sector ETF (XLB)6.7%19.1%0.240.9%
Equity (SPY)13.5%17.2%0.61-0.1%
Gold (GLD)18.6%18.6%0.814.9%
Commodities (DBC)8.2%19.6%0.318.8%
Real Estate (VNQ)2.3%18.9%0.021.1%
Bitcoin (BTCUSD)8.8%53.0%0.351.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHNR
CHNR-23.3%229.6%0.37-
Sector ETF (XLB)10.1%20.7%0.433.5%
Equity (SPY)15.4%17.9%0.733.0%
Gold (GLD)12.1%16.2%0.613.5%
Commodities (DBC)7.4%18.0%0.338.1%
Real Estate (VNQ)4.8%20.7%0.203.0%
Bitcoin (BTCUSD)58.2%66.2%0.982.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 6302026-37.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity0.6 Mil
Short % of Basic Shares1.7%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
12/31/202505/15/202620-F
06/30/202512/31/20256-K
12/31/202405/15/202520-F
06/30/202412/31/20246-K
12/31/202304/30/202420-F
06/30/202312/22/20236-K
12/31/202205/15/202320-F
06/30/202211/07/20226-K
12/31/202105/17/202220-F
06/30/202111/05/20216-K
12/31/202004/23/202120-F
06/30/202009/11/20206-K
12/31/201906/12/202020-F
06/30/201910/31/20196-K
12/31/201804/30/201920-F
06/30/201812/07/20186-K
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Report DateFiling DateFiling
12/31/202505/15/202620-F
06/30/202512/31/20256-K
12/31/202405/15/202520-F
06/30/202412/31/20246-K
12/31/202304/30/202420-F
06/30/202312/22/20236-K
12/31/202205/15/202320-F
06/30/202211/07/20226-K
12/31/202105/17/202220-F
06/30/202111/05/20216-K
12/31/202004/23/202120-F
06/30/202009/11/20206-K
12/31/201906/12/202020-F
06/30/201910/31/20196-K
12/31/201804/30/201920-F
06/30/201812/07/20186-K
12/31/201704/30/201820-F
06/30/201712/15/20176-K
12/31/201606/19/201720-F
06/30/201611/17/20166-K
12/31/201504/28/201620-F
06/30/201512/24/20156-K
12/31/201404/27/201520-F
06/30/201412/04/20146-K
12/31/201304/29/201420-F
06/30/201312/31/20136-K
12/31/201204/29/201320-F
06/30/201212/21/20126-K
Core Cache Last Updated: 8/7/2026