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.)