China New Energy Limited (CNEL.L) (LON:CNEL) Share Price Passes Above 50 Day Moving Average – Time to Sell?

China New Energy Limited (CNEL.L) (LON:CNEL) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 debt-to-equity ratio of 26.64, a quick ratio of 0.89 and a current ratio of 1.33. The firm has a fifty day moving average price of GBX 7.50 and a 200 day moving average price of GBX 7.50. The firm has a market capitalization of £33.33 million and a price-to-earnings ratio of -0.08.

China New Energy Limited (CNEL.L) Company Profile

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.