China New Energy (LON:CNEL) Stock Price Down 2%

Shares of China New Energy Limited (LON:CNEL) were down 2% during trading on Thursday . The stock traded as low as GBX 2.25 ($0.03) and last traded at GBX 2.45 ($0.03), approximately 212,170 shares changed hands during trading. A decline of 48% from the average daily volume of 407,232 shares. The stock had previously closed at GBX 2.50 ($0.03).

The firm has a market capitalization of $14.44 million and a price-to-earnings ratio of -0.03. The firm’s 50 day moving average is GBX 2.75 and its 200 day moving average is GBX 2.43. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 34.82.

About China New Energy (LON:CNEL)

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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