China New Energy Limited (CNEL.L) (LON:CNEL) Shares Pass Above 50-Day Moving Average of $7.50

China New Energy Limited (CNEL.L) (LON:CNELGet Rating) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 7.50 ($0.09) and traded as high as GBX 7.50 ($0.09). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.09), with a volume of 1,309,714 shares.

China New Energy Limited (CNEL.L) Stock Performance

The company has a debt-to-equity ratio of 26.64, a current ratio of 1.33 and a quick ratio of 0.89. The firm has a market capitalization of £33.33 million and a PE ratio of -0.08. The company’s fifty day simple moving average is GBX 7.50 and its 200-day simple moving average is GBX 7.50.

About China New Energy Limited (CNEL.L)

(Get Rating)

China New Energy Limited, an investment holding company, engages in the provision of bioenergy technology solutions in the People's Republic of China, Thailand, Taiwan, Indonesia, Romania, Russia, Canada, Myanmar, and Cambodia. The company offers equipment, procurement, and construction services, as well as value added services.

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