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

Equities researchers at StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Price Performance

China Natural Resources stock opened at $0.54 on Thursday. The company’s fifty day moving average price is $0.58 and its 200 day moving average price is $0.64. China Natural Resources has a 1 year low of $0.51 and a 1 year high of $1.31.

About China Natural Resources

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.