StockNews.com Initiates Coverage on China Natural Resources (NASDAQ:CHNR)

StockNews.com began coverage on shares of China Natural Resources (NASDAQ:CHNR) in a report issued on Wednesday morning. The firm issued a sell rating on the basic materials company’s stock.

China Natural Resources Trading Down 5.8 %

Shares of NASDAQ:CHNR opened at $0.96 on Wednesday. The business’s 50 day simple moving average is $1.21 and its two-hundred day simple moving average is $1.43. China Natural Resources has a 52-week low of $0.86 and a 52-week high of $8.85.

About China Natural Resources

China Natural Resources, Inc, through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia.