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

Key Points

• China Resources Enterprise (OTCMKTS:CRHKY) shares experienced a significant drop, opening at $6.48 after closing at $6.70.
• The company has recently implemented a dividend cut, with a dividend yield reported at 258.0% after paying $0.0826 on July 14th.
• China Resources Beer (Holdings) Company Limited, formerly known as China Resources Enterprise, primarily operates in the manufacturing and distribution of beer products in Mainland China.

Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.70, but opened at $6.48. China Resources Enterprise shares last traded at $6.48, with a volume of 514 shares.

China Resources Enterprise Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $6.68 and a 200-day moving average of $6.78.

China Resources Enterprise Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 14th. Investors of record on Monday, May 26th were issued a $0.0826 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 258.0%.

About China Resources Enterprise

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.