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

Research analysts at StockNews.com started coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the basic materials company’s stock.

China Natural Resources Trading Up 5.7 %

Shares of China Natural Resources stock opened at $0.82 on Thursday. China Natural Resources has a 1-year low of $0.61 and a 1-year high of $8.85. The company’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $1.18.

China Natural Resources Company Profile

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.