Xiamen Tungsten Hits Day High with Strong 3.32% Intraday Surge

Xiamen Tungsten Co., Ltd. has shown significant activity today, gaining 3.32% and reaching an intraday high of CNY 33.30. This performance stands in contrast to the China Shanghai Composite, which has declined by 0.94% on the same day. Over the past week, Xiamen Tungsten has surged by 12.47%, further highlighting its strong market position.
In terms of longer-term performance, Xiamen Tungsten has delivered impressive returns, with a 65.62% increase over the past year, significantly outperforming the China Shanghai Composite's 18.02% gain. Year-to-date, the stock has risen by 72.76%, showcasing its robust growth trajectory.

Financially, the company maintains a solid return on equity of 15.50% and a price-to-book ratio of 2.40, indicating an attractive valuation. Additionally, Xiamen Tungsten offers a dividend yield of 1.52%, appealing to income-focused investors. With a market capitalization of CNY 39,085 million, Xiamen Tungsten Co., Ltd. continues to be a notable player in the minerals and mining industry.