China Natural Resources (NASDAQ:CHNR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

China Natural Resources, Inc. (NASDAQ:CHNR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.02 and traded as high as $4.30. China Natural Resources shares last traded at $4.20, with a volume of 3,983 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of China Natural Resources in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

China Natural Resources Stock Performance

The business has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $4.02.

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.