There are certain companies which are going to be in deep focus today and one of those could well be Cunningham Natural Resources Corp (OTC:CNRC). The company had come into focus yesterday after it provided an update pertaining to the summary of its achievements and development in 2024, in addition to a glimpse into its future.
Updates
The company noted in the news release that in 2024 the name had been changed to the current one and the ticker symbol CNRC was adopted. Additionally, the company also managed to complete an asset dividend spinoff to the shareholders of its majority owned subsidiary Worldwide Diversified Holdings Inc. Additionally, Cunningham Mining Ltd, a portfolio company of Cunningham Natural Resources Corp, announced the launch of its Nugget Trap Gold Token in 2024. The token had also been listed in a range of crypto exchanges. As of yesterday, the token was listed on nine exchanges.
Cunningham Mining
Cunningham Natural Resources Corp stated that it held a 9% stake in Cunningham Mining and the ownership in the token had a valuation of $1 per diluted share. As a consequence, the company’s shareholders enjoyed a considerable rise in its asset base and the possibility of higher liquidity in the future.
Technicals
| +/- EMA(20) | 0.0178 (+14.61%) |
| +/- SMA(50) | 0.0192 (+6.25%) |
| +/- SMA(200) | 0.0149 (+36.91%) |
| 5-Day Perf. | +15.25% |
| 1-Month Perf. | +13.33% |
| 3-Month Perf. | +70% |
| 6-Month Perf. | +112.5% |
| YTD Perf. | -27.14% |
| 1-Year Perf. | -27.14% |
| RSI(14) | 56.2 |
| ATR(14) | 0.01 |
| ADX(14) | 15.22 |
| Beta (5Y) | 0.77 |
