China Natural Resources (NASDAQ:CHNR) Share Price Breaks Above 200-Day Moving Average – Here’s Why

China Natural Resources, Inc. (NASDAQ:CHNR) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.00 and traded as high as $4.00. China Natural Resources shares last traded at $3.9450, with a volume of 7,352 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

China Natural Resources Stock Performance

The stock has a 50-day moving average price of $3.94 and a 200 day moving average price of $4.00.

China Natural Resources Company Profile

China Natural Resources, Inc (NASDAQ: CHNR) is a natural resources company focused on the exploration and development of mineral properties in China. Through its subsidiaries and associated companies, the company has pursued opportunities involving coal and nonferrous metals, including copper, lead and zinc.

The company’s activities have historically centered on identifying, acquiring and developing mineral resource projects, with operations and interests primarily located in China, including the Inner Mongolia region.