China Natural Resources (NASDAQ:CHNR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

China Natural Resources, Inc. (NASDAQ:CHNR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.24 and traded as high as $5.34. China Natural Resources shares last traded at $5.02, with a volume of 55,623 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

China Natural Resources Stock Performance

The stock has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $4.24.

China Natural Resources (NASDAQ:CHNR) last posted its earnings results on Wednesday, December 31st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter.

About China Natural Resources

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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.