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 share price passed 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 changing hands.

China New Energy Limited (CNEL.L) Stock Down 2.6 %

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

About China New Energy Limited (CNEL.L)

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.