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

Analysts at StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research note issued on Friday. The firm set a “sell” rating on the basic materials company’s stock.

China Natural Resources Price Performance

Shares of NASDAQ:CHNR opened at $0.95 on Friday. The business’s 50 day moving average is $1.14 and its 200 day moving average is $1.38. China Natural Resources has a 52-week low of $0.86 and a 52-week 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.