Movement Alert｜Jiaxin International Resources Intraday Decline 5.14% in Regular Trading, High Valuation Pressure and Profit-Taking Continue

Market Focus06-17

On June 17, Jiaxin International Resources fell 5.14% in regular trading, trading at 72.75 HKD/share, with turnover of approximately 69.89 million HKD.

On the news front, the stock continues its correction after a rapid rally from a late-May low near 76.6 HKD to a high of 93.65 HKD, driven previously by tungsten price stabilization, a non-binding MOU with PMF for mineral resource development in Kazakhstan, and institutional bullishness on the tungsten sector. The stock already declined over 5% on June 16, and the consecutive pullback reflects concentrated profit-taking pressure. Current valuation remains elevated with a trailing P/E ratio exceeding 130x and price-to-book ratio above 25x, intensifying market demand to digest prior gains.

The broader Diversified Metals and Mining sector showed mixed performance, with CMOC down 0.31%, MMG down 1.28%, Wanguo Gold Group up 1.43%, Lygend Resources up 2.25%, and Ximei Resources up 5.17%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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