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

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

China Natural Resources Price Performance

Shares of China Natural Resources stock opened at $0.65 on Friday. The firm has a 50 day simple moving average of $0.63 and a 200 day simple moving average of $0.67. China Natural Resources has a fifty-two week low of $0.51 and a fifty-two 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.