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

China Natural Resources, Inc. (NASDAQ:CHNRGet Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.96 and traded as high as $3.98. China Natural Resources shares last traded at $3.9360, with a volume of 1,960 shares changing hands.

Wall Street Analyst Weigh In

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

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China Natural Resources Price Performance

The business’s fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $3.96.

About China Natural Resources

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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.

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