China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Up - What's Next?

Key Points

• China Resources Enterprise shares gapped up from a previous close of $6.91 to open at $7.18, reflecting a 4.1% increase in stock price.
• The company declared a dividend increase to $0.1092 per share, scheduled for payment on November 3rd, representing a significant dividend yield of 147.0%.
• China Resources Beer, the company behind the shares, is a major manufacturer and distributor of beer products in Mainland China, operating under brands like Nong Li and Snow.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.91, but opened at $7.18. China Resources Enterprise shares last traded at $7.18, with a volume of 134 shares traded.

China Resources Enterprise Stock Up 4.1%

The company has a current ratio of 0.60, a quick ratio of 0.23 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average is $7.11 and its 200 day moving average is $6.97.

China Resources Enterprise Increases Dividend

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

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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