Initiates Coverage on China Natural Resources (NASDAQ:CHNR)

Equities researchers at initiated coverage on shares of China Natural Resources (NASDAQ:CHNRGet Rating) in a research report issued on Monday. The firm set a “sell” rating on the basic materials company’s stock.

China Natural Resources Trading Down 1.2 %

Shares of China Natural Resources stock opened at $0.42 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.83 and a quick ratio of 2.81. The firm has a 50 day simple moving average of $0.50 and a 200 day simple moving average of $0.60. China Natural Resources has a fifty-two week low of $0.41 and a fifty-two week high of $1.35.

About China Natural Resources

(Get Rating)

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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