China Natural Resources (NASDAQ:CHNR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

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 $4.24 and traded as high as $5.34. China Natural Resources shares last traded at $5.02, with a volume of 55,623 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

China Natural Resources Stock Down 6.7%

The company has a 50 day moving average of $3.77 and a 200 day moving average of $4.24.

China Natural Resources (NASDAQ:CHNR) last issued its quarterly earnings data on Wednesday, December 31st. The basic materials company reported ($0.07) earnings per share for the quarter.

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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.