China Natural Resources, Inc. (NASDAQ:CHNR) Stock Closed Well Above Its 50 Day Moving Average


It is currently trading at $2.35 significantly higher than $2.09, the 50 day moving average and a tad higher than the 200 day moving average of $2.14. The 50 day moving average was up $0.26 or +12.49% and the 200 day average was up $0.21. 2,086 shares changed hands on Tuesday. Overall, volume was down 91.28% under the stocks normal daily volume.

Traders are feeling more bullish on China Natural Resources, Inc. if you evaluate the decrease in short interest. The company had a fall in short interest of -0.74% as of the latest report on September 29, 2017. Short interest fell 162 over that period. Days to cover decreased from 8.0 to 5.0 and the short interest percentage is 0.00% as of September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (CHNR). As of the end of the quarter Ubs Group Ag had sold 862 shares trimming its holdings by 25.4%. The value of the investment in CHNR decreased from $8,000 to $5,000 decreasing 37.5% quarter over quarter. Citadel Advisors LLC trimmed its investment by selling 2,158 shares a decrease of 12.5% in the quarter. Citadel Advisors LLC now holds 15,099 shares with a value of $32,000. The total value of its holdings decreased 25.6%.

As of quarter end Hudock Capital Group, LLC had disposed of a total of 100 shares trimming its stake by 4.8%. The value of the total investment in China Natural Resources, Inc. went from $4,000 to $4,000 a change of $0 for the reporting period.

China Natural Resources, Inc., launched on December 14, 1993, is a holding company. The Company holds mining rights that allows it to mine, process and sell non-ferrous metals extracted or produced at Yangchong Mine located in Anhui Province in the People’s Republic of China (PRC). The Company operates through exploration and mining-non-ferrous metals segment. The Company focuses to continue its acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sales of iron, zinc and other nonferrous metals extracted or produced at mines mainly located in Anhui Province in the PRC, as well as its operation of related businesses. The Company conducts these activities through its indirect subsidiary, Wuhu Feishang Mining Development Co., Limited (Wuhu Feishang). The Company is in the early-stages of exploration for additional mineable ore at Yangchong Mine..