China Natural Resources lower on decline in 2007 results
Shares of China Natural Resources, Inc. (Nasdaq: CHNR) are losing ground this morning after the Chinese mining company posted full year 2007 results after Tuesday’s close that declined from fiscal 2006. The company attributed the decline in revenues and earnings year-over-year to softening zinc prices and the adoption of Statement of Financial Accounting Standards.
Shares slid 7.3%, or $1.53, to $19.50 in pre-market trading. For detailed price information and recent news stories about China Natural Resources, click CHNR.
