China Natural Resources (NASDAQ:CHNR) Shares Cross Above 200 Day Moving Average – Here’s What Happened

China Natural Resources, Inc. (NASDAQ:CHNR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.93 and traded as high as $4.19. China Natural Resources shares last traded at $4.1550, with a volume of 121,287 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, China Natural Resources has an average rating of “Sell”.

China Natural Resources Stock Performance

The company has a 50 day simple moving average of $3.92 and a 200 day simple moving average of $3.93.

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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.