China New Energy Limited (CNEL.L) (LON:CNEL) Stock Price Crosses Above 50 Day Moving Average of $7.50

Shares of China New Energy Limited (CNEL.L) (LON:CNEL) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 7.50 ($0.10) and traded as high as GBX 7.50 ($0.10). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.10), with a volume of 1,309,714 shares trading hands.

China New Energy Limited (CNEL.L) Stock Down 2.6 %

The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 26.64. The company has a market capitalization of £33.33 million and a PE ratio of -0.08. The firm has a 50 day simple moving average of GBX 7.50 and a two-hundred day simple moving average of GBX 7.50.

About China New Energy Limited (CNEL.L)

China New Energy Limited, an investment holding company, engages in the provision of bioenergy technology solutions in the People's Republic of China, Thailand, Taiwan, Indonesia, Romania, Russia, Canada, Myanmar, and Cambodia. The company offers equipment, procurement, and construction services, as well as value added services.