China New Energy Limited (CNEL.L) (LON:CNEL) Shares Pass Above 50 Day Moving Average of $7.50

China New Energy Limited (CNEL.L) (LON:CNEL)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 7.50 ($0.09) and traded as high as GBX 7.50 ($0.09). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.09), with a volume of 1,309,714 shares.

China New Energy Limited (CNEL.L) Price Performance

The stock’s 50-day simple moving average is GBX 7.50 and its two-hundred day simple moving average is GBX 7.50. The company has a market capitalization of £33.33 million and a price-to-earnings ratio of -0.08. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 26.64.

China New Energy Limited (CNEL.L) Company Profile

China New Energy Limited, an investment holding company, engages in the provision of bioenergy technology solutions in the People's Republic of China, Thailand, Taiwan, Indonesia, Romania, Russia, Canada, Myanmar, and Cambodia. The company offers equipment, procurement, and construction services, as well as value added services.