China New Energy Limited (CNEL.L) (LON:CNEL) Stock Passes Above 50 Day Moving Average – Should You Sell?

China New Energy Limited (CNEL.L) (LON:CNEL) shares passed above its 50-day moving average during trading on Friday . 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 trading hands.

China New Energy Limited (CNEL.L) Price Performance

The business has a fifty day moving average of GBX 7.50 and a 200 day moving average of 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 stock has a market cap 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.