China Natural Resources (NASDAQ:CHNR) Stock Price Breaks Above 200 Day Moving Average – Here’s What Happened

Shares of China Natural Resources, Inc. (NASDAQ:CHNR) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $4.03 and traded as high as $4.07. China Natural Resources shares last traded at $4.05, with a volume of 5,338 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut China Natural Resources from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

China Natural Resources Price Performance

The business has a 50 day moving average of $4.00 and a 200 day moving average of $4.03.

China Natural Resources Company Profile

China Natural Resources, Inc (NASDAQ: CHNR) is a natural resources company focused primarily on the acquisition, exploration and development of mineral properties. Through its subsidiaries and investment interests, the company has historically pursued opportunities involving iron ore and other mineral resources.

The company’s activities have been concentrated in the People’s Republic of China, including mineral properties in areas such as Anhui Province and Inner Mongolia. Its business may include evaluating exploration prospects, developing mineral assets and working with local partners or subsidiaries to advance resource projects.

China Natural Resources has operated as a holding company with interests in China-based natural resource businesses.