China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 21,807 shares, a drop of 43.8% from the May 14th total of 38,814 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 4,996 shares, the short-interest ratio is presently 4.4 days.
China Natural Resources Trading Up 1.1%
Shares of NASDAQ:CHNR traded up $0.04 during midday trading on Friday, hitting $3.72. 15,979 shares of the stock were exchanged, compared to its average volume of 218,629. China Natural Resources has a twelve month low of $3.16 and a twelve month high of $8.20. The company has a 50 day moving average price of $4.09 and a 200-day moving average price of $3.90.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of China Natural Resources in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
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.
Recommended Stories
- Five stocks we like better than China Natural Resources
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for China Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.
