China Natural Resources (NASDAQ:CHNR) Shares Pass Above 200 Day Moving Average – What’s Next?
by Kim Johansen · The Markets DailyChina Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.88 and traded as high as $4.49. China Natural Resources shares last traded at $4.45, with a volume of 477,567 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of China Natural Resources in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on China Natural Resources
China Natural Resources Trading Down 9.6%
The company has a 50-day moving average of $4.14 and a two-hundred day moving average of $3.88.
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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.