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

Investment analysts at StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a report issued on Saturday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Stock Performance

NASDAQ:CHNR opened at $0.63 on Friday. The firm’s fifty day simple moving average is $0.64 and its 200 day simple moving average is $0.68. China Natural Resources has a twelve month low of $0.51 and a twelve month high of $8.85.

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.