China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 67,100 shares, a decline of 18.2% from the February 28th total of 82,000 shares. Based on an average trading volume of 168,300 shares, the short-interest ratio is presently 0.4 days. Approximately 1.9% of the company’s stock are short sold.
China Natural Resources Stock Down 4.7 %
Shares of NASDAQ:CHNR opened at $0.57 on Tuesday. The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.64. China Natural Resources has a fifty-two week low of $0.51 and a fifty-two week high of $1.43.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of China Natural Resources in a report on Wednesday, March 26th. They set a “sell” rating on the stock.
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.
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