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

Investment analysts at StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNR) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Price Performance

NASDAQ CHNR opened at $1.08 on Tuesday. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.47. China Natural Resources has a fifty-two week low of $0.86 and a fifty-two week high of $8.85.

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.