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

StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Natural Resources Trading Down 2.8 %

Shares of China Natural Resources stock traded down $0.03 during trading hours on Thursday, hitting $0.97. 19,088 shares of the company’s stock traded hands, compared to its average volume of 151,436. The company has a fifty day simple moving average of $1.16 and a 200-day simple moving average of $1.40. China Natural Resources has a 12-month low of $0.86 and a 12-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.