On June 16, Jiaxin International Resources fell 5.24% in regular trading, trading at HK$83.7/share, with turnover of HK$18.75 million.

On the news front, the Diversified Metals & Mining sector came under broad-based selling pressure, with MMG down 8.32%, Ximei Resources down 2.61%, Wanguo Gold Group down 1.26%, Lygend Resource down 0.67%, and CMOC down 0.4%, reflecting significant industry-wide selling.

The stock had previously rallied sharply from a late-May low near HK$76.6 to a high of HK$93.65, driven by multiple tailwinds including tungsten price stabilization signals, a non-binding MOU with PMF to explore mineral resource development in Kazakhstan covering copper-gold, polymetallic, and tungsten-molybdenum deposits, as well as institutional calls to reassess the tungsten sector strategically. The concentrated short-term gains have resulted in sustained profit-taking pressure. Current valuation remains elevated with a trailing P/E exceeding 130x and P/B above 25x, amplifying the market's need to digest prior advances.

(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.)