StockNews.com Begins Coverage on China Natural Resources (NASDAQ:CHNR)

StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a research note released on Friday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Natural Resources Stock Performance

Shares of CHNR opened at $0.54 on Friday. China Natural Resources has a 12 month low of $0.45 and a 12 month high of $1.26. The stock has a fifty day moving average price of $0.57 and a 200 day moving average price of $0.63.

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.