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China Resources Enterprise (OTCMKTS:CRHKY) Sees Unusually-High Trading Volume - Here's What Happened

China Resources Enterprise logo with Multi-Sector Conglomerates background

Key Points

  • China Resources Enterprise experienced a significant trading volume of approximately 34,404 shares on Thursday, which marked a 16% decline from the previous session.
  • The company announced an increase in its dividend to $0.1092, paying on November 3rd, up from a previous $0.08, resulting in an impressive dividend yield of 147.0%.
  • As of the latest trading, the stock was priced at $7.06, with a 50-day moving average of $7.10.
  • Interested in China Resources Enterprise? Here are five stocks we like better.

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 34,404 shares changed hands during mid-day trading, a decline of 16% from the previous session's volume of 40,845 shares.The stock last traded at $7.06 and had previously closed at $6.99.

China Resources Enterprise Price Performance

The firm has a 50-day moving average price of $7.10 and a two-hundred day moving average price of $6.95.

China Resources Enterprise Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 3rd. Stockholders of record on Thursday, September 4th will be given a $0.1092 dividend. This is a positive change from China Resources Enterprise's previous dividend of $0.08. This represents a dividend yield of 147.0%. The ex-dividend date of this dividend is Wednesday, September 3rd.

About China Resources Enterprise

(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.

Further Reading

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