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

Equities researchers at StockNews.com initiated coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Price Performance

Shares of CHNR stock opened at $0.62 on Tuesday. China Natural Resources has a fifty-two week low of $0.51 and a fifty-two week high of $8.85. The stock’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.66.

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.