China Natural Resources (NASDAQ:CHNR) Shares Cross Above 200 Day Moving Average – What’s Next?

China Natural Resources, Inc. (NASDAQ:CHNR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.93 and traded as high as $4.01. China Natural Resources shares last traded at $3.9460, with a volume of 2,891 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

China Natural Resources Trading Down 1.6%

The business’s fifty day moving average is $3.94 and its 200 day moving average is $3.93.

China Natural Resources Company Profile

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.