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China Natural Resources Inc
China Natural Resources Inc. is a British Virgin Islands-based company (CNAK). The company, formerly known as AsiaInfo-Link Communications and Adhesive STAudio, is in the business of software development and data centers. The company's stock is publicly traded on NASDAQ under ticker symbol "CNAK," and it belongs to the technology sector, specifically the software—application industry.
In 1993, the company began its journey in Hong Kong, focusing on software and IT services. In 2013, the enterprise acquired the software unit of AsiaInfo-Link, dedicating its mainland China business to software and IT services. The company became China Natural Resources Inc. following a merger in 2020
On September 13, 1`990, China Natural Resources Inc. went public. Its headquarters are in Sheung Wan, Hong Kong.
China Natural Resources Inc. (CNAK) is a smaller company with a market capitalization of $24.56 million. CNAK's 52-week low/high is $2.70 and $6.95. Its 50-day Simple Moving Average is $3.38, and its 200-day Simple Moving Average is $3.32. The stock has a one-year high of $6.95 and a one-year low of $2.70.
A few hedge funds and institutional investors have lately added China Natural Resources INC (CNAK) to their holdings. BlackRock Inc. boosted its holdings in China Natural Resources Inc. (CNAK) by 6,356,000.0% in the third quarter. BlackRock, Inc. now owns 8,419 shares of the technology company's stock, valued at $25,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in China Natural Resources INC by 152.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,419 shares of the technology company's stock, worth $34,000. Finally, Vanguard Group INC. boosted its position in China Natural Resources INC. by 5,258,350.0% in the second quarter. Vanguard Group INC. now holds 28,184 shares of the technology company's stock, valued at $86,000. Institutions own 2.37 percent of China Natural Resources INC shares.
CNAK is a pink sheet stock; hence, it is not listed on a significant stock exchange like the NASDAQ or NYSE. It is essential to know that pink sheet stocks are more difficult to trade because they are more unreliable and subject to price manipulation.
Before making any investment decisions concerning this stock, you should conduct further research and consider your risk tolerance, investment goals, and consult a financial advisor.