China Natural Resources (NASDAQ:CHNR) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of China Natural Resources, Inc. (NASDAQ:CHNR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.25 and traded as high as $4.47. China Natural Resources shares last traded at $4.37, with a volume of 38,349 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, China Natural Resources currently has a consensus rating of “Sell”.

China Natural Resources Stock Down 0.7%

The company’s fifty day moving average is $3.79 and its two-hundred day moving average is $4.25.

China Natural Resources (NASDAQ:CHNR) last released its quarterly earnings data on Wednesday, December 31st. The basic materials company reported ($0.07) 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.