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

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

China Natural Resources Trading Down 6.4 %

Shares of CHNR opened at $0.53 on Monday. The firm has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.60. China Natural Resources has a 1-year low of $0.45 and a 1-year high of $1.13.

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.