Shares of China Natural Resources, Inc. (NASDAQ:CHNR – Free Report) are set to reverse split on the morning of Thursday, June 12th. The 1-8 reverse split was announced on Tuesday, May 27th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 11th.
China Natural Resources Price Performance
NASDAQ:CHNR opened at $0.56 on Friday. The firm’s 50-day moving average price is $0.54 and its 200-day moving average price is $0.58. China Natural Resources has a 1-year low of $0.45 and a 1-year high of $1.13.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on shares of China Natural Resources in a research note on Wednesday, May 21st. They set a “sell” rating on the stock.
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.
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