Initiates Coverage on China Natural Resources (NASDAQ:CHNR)

Investment analysts at initiated coverage on shares of China Natural Resources (NASDAQ:CHNRGet Free Report) in a research note issued on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Natural Resources Stock Performance

Shares of CHNR opened at $0.84 on Tuesday. The company’s 50 day simple moving average is $1.01 and its 200-day simple moving average is $1.26. China Natural Resources has a 12-month low of $0.83 and a 12-month high of $8.85.

China Natural Resources Company Profile

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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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