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

Equities researchers at StockNews.com initiated coverage on shares of China Natural Resources (NASDAQ:CHNR) in a report issued on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

China Natural Resources Trading Up 3.3 %

Shares of NASDAQ:CHNR opened at $0.62 on Wednesday. China Natural Resources has a 52-week low of $0.51 and a 52-week high of $8.85. The firm has a fifty day moving average of $0.62 and a 200 day moving average of $0.65.

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.