China New Energy Limited (CNEL.L) (LON:CNEL) Stock Price Passes Above 50-Day Moving Average of $7.50

Shares of China New Energy Limited (CNEL.L) (LON:CNEL) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-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) Stock Down 2.6 %

The company has a debt-to-equity ratio of 26.64, a quick ratio of 0.89 and a current ratio of 1.33. The company has a market cap of £33.33 million and a price-to-earnings ratio of -0.08. The business’s 50 day simple moving average is GBX 7.50 and its 200-day simple moving average is GBX 7.50.

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.