China Natural Resources (NASDAQ:CHNR) Coverage Initiated at StockNews.com

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

China Natural Resources Trading Up 2.7 %

Shares of China Natural Resources stock opened at $0.54 on Friday. China Natural Resources has a twelve month low of $0.45 and a twelve month high of $1.26. The company has a 50-day simple moving average of $0.57 and a two-hundred day simple moving average of $0.63.

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.