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

StockNews.com assumed coverage on shares of China Natural Resources (NASDAQ:CHNRGet Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Natural Resources Stock Performance

Shares of NASDAQ CHNR opened at $0.42 on Monday. The company’s 50 day moving average price is $0.49 and its 200-day moving average price is $0.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.83. China Natural Resources has a 52-week low of $0.40 and a 52-week high of $1.35.

About China Natural Resources

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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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