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

StockNews.com started coverage on shares of China Natural Resources (NASDAQ:CHNR) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Trading Down 3.3 %

Shares of China Natural Resources stock opened at $0.56 on Friday. China Natural Resources has a 52-week low of $0.55 and a 52-week high of $8.85. The stock has a 50-day simple moving average of $0.66 and a 200-day simple moving average of $0.91.

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.