China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Down - Here's What Happened

Key Points

• China Resources Enterprise (OTCMKTS:CRHKY) gapped down from a previous closing price of $7.31 to open at $7.01, with a trading volume of just 191 shares.
• The company announced an increase in its dividend to $0.1092 per share, leading to a significant dividend yield of 147.0%.
• China Resources Beer (Holdings) Company Limited operates primarily in Mainland China, focusing on the manufacture and distribution of beer products under several brand names.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - ) gapped down before the market opened on Wednesday . The stock had previously closed at $7.31, but opened at $7.01. China Resources Enterprise shares last traded at $7.01, with a volume of 191 shares trading hands.

China Resources Enterprise Trading Down 1.9%

The business's fifty day moving average price is $6.94 and its 200-day moving average price is $6.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.60.

China Resources Enterprise Increases Dividend

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

China Resources Enterprise Company Profile

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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