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

Equities research analysts at StockNews.com initiated coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research note issued on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Stock Performance

CHNR stock opened at $0.73 on Friday. The company’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $0.78. China Natural Resources has a 52-week low of $0.55 and a 52-week high of $8.85.

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.