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China Resources Beer (OTCMKTS:CRHKY) Stock Crosses Above 50 Day Moving Average - Here's What Happened

China Resources Beer logo with Multi-Sector Conglomerates background

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.72 and traded as high as $7.68. China Resources Beer shares last traded at $7.50, with a volume of 22,882 shares changing hands.

China Resources Beer Stock Down 2.2 %

The stock has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.75.

About China Resources Beer

(Get Free Report)

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.

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