China New Energy Limited (CNEL.L) (LON:CNEL) Share Price Passes Above 50-Day Moving Average of $7.50

Shares of China New Energy Limited (CNEL.L) (LON:CNEL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 7.50 ($0.09) and traded as high as GBX 7.50 ($0.09). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.09), with a volume of 1,309,714 shares trading hands.

China New Energy Limited (CNEL.L) Trading Down 2.6 %

The firm has a market capitalization of £33.33 million and a PE ratio of -0.08. The business’s 50-day moving average price is GBX 7.50 and its 200-day moving average price is GBX 7.50. The company has a debt-to-equity ratio of 26.64, a current ratio of 1.33 and a quick ratio of 0.89.

China New Energy Limited (CNEL.L) Company Profile

China New Energy Limited, an investment holding company, engages in the provision of bioenergy technology solutions in the People's Republic of China, Thailand, Taiwan, Indonesia, Romania, Russia, Canada, Myanmar, and Cambodia. The company offers equipment, procurement, and construction services, as well as value added services.