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

Key Points

• China Resources Enterprise's stock price increased from a previous close of $6.80 to open at $7.14 before last trading at $7.04 with a volume of 7,270 shares.
• The company has a notably low debt-to-equity ratio of 0.02, indicating strong financial stability, though its current and quick ratios suggest potential liquidity concerns.
• China Resources Enterprise recently cut its dividend to $0.0826 per share, reflecting a high dividend yield of 258.0% that may affect investor perceptions.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.80, but opened at $7.14. China Resources Enterprise shares last traded at $7.04, with a volume of 7,270 shares changing hands.

China Resources Enterprise Stock Performance

The company's 50 day moving average price is $6.70 and its 200 day moving average price is $6.81. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.

China Resources Enterprise Cuts Dividend

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

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.