China New Energy Limited (CNEL.L) (LON:CNEL) Stock Crosses Above Fifty Day Moving Average of $7.50

China New Energy Limited (CNEL.L) (LON:CNEL) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 7.50 ($0.10) and traded as high as GBX 7.50 ($0.10). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.10), 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 quick ratio of 0.89 and a current ratio of 1.33. The firm has a market cap of £33.33 million and a P/E ratio of -0.08. The firm has a 50 day simple moving average of GBX 7.50 and a 200 day simple moving average of GBX 7.50.

About China New Energy Limited (CNEL.L)

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.