Tibet Mineral Development Hits Day Low of CNY 25.47 Amid Price Pressure

Tibet Mineral Development Co., Ltd. experienced a significant decline today, with the stock dropping by 5.63% to reach an intraday low of CNY 25.47. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.42% on the same day. Over the past week, Tibet Mineral Development has faced a 4.51% decline, while its monthly performance shows a decrease of 2.55%. Despite a year-to-date gain of 19.26%, the company has struggled in the longer term, with a notable 40.27% drop over the past three years. In terms of annual performance, the stock has increased by 7.33%, but this is significantly lower than the 15.87% gain of the broader market index. Financial metrics indicate challenges for Tibet Mineral Development, including a substantial decline in net sales and operating profit over the past five years. The company reported negative results for three consecutive quarters, with a pre-tax profit of CNY 0 million, reflecting a 100% drop. The current market capitalization stands at CNY 11,161 million, and the stock is characterized by a high dividend yield of 0.23%.