China New Energy Limited (CNEL.L) (LON:CNEL) Stock Price Passes Below 50-Day Moving Average of $7.50

Shares of China New Energy Limited (CNEL.L) (LON:CNEL) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 7.50 ($0.09) and traded as low as GBX 3.40 ($0.04). China New Energy Limited (CNEL.L) shares last traded at GBX 7.50 ($0.09), with a volume of 1,309,714 shares traded.

China New Energy Limited (CNEL.L) Stock Down 2.6 %

The business’s 50 day simple moving average is GBX 7.50 and its 200 day simple moving average is GBX 7.50. 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 company has a market capitalization of £33.33 million and a PE ratio of -0.08.

China New Energy Limited (CNEL.L) Company Profile

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.