Shares of China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.00 and traded as high as $4.12. China Natural Resources shares last traded at $4.0350, with a volume of 3,172 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of China Natural Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, China Natural Resources currently has an average rating of “Sell”.
Read Our Latest Report on China Natural Resources
China Natural Resources Trading Down 1.6%
The business’s 50-day simple moving average is $3.99 and its two-hundred day simple moving average is $4.00.
About China Natural Resources
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.
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