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

StockNews.com started coverage on shares of China Natural Resources (NASDAQ:CHNR) in a note issued to investors on Tuesday. The firm set a “sell” rating on the basic materials company’s stock.

China Natural Resources Price Performance

NASDAQ CHNR opened at $0.57 on Tuesday. The company’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.64. China Natural Resources has a 52 week low of $0.51 and a 52 week high of $1.43.

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.