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

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

China Natural Resources Price Performance

CHNR stock opened at $0.63 on Monday. The stock has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $0.74. China Natural Resources has a twelve month low of $0.55 and a twelve month 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.