China Natural Resources (NASDAQ:CHNR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research note released on Friday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Natural Resources Trading Down 2.2 %

Shares of NASDAQ:CHNR opened at $0.55 on Friday. The stock has a fifty day simple moving average of $0.66 and a two-hundred day simple moving average of $0.69. China Natural Resources has a 12-month low of $0.51 and a 12-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.