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

China Natural Resources, Inc. (NASDAQ:CHNR) passed 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 trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, China Natural Resources presently has a consensus rating of “Sell”.

China Natural Resources Price Performance

The firm’s 50 day simple moving average is $3.94 and its 200-day simple moving average is $3.93.

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.