China Resources Enterprise (OTCMKTS:CRHKY) Trading 5% Higher - Should You Buy?

Key Points

• China Resources Enterprise's share price increased by 5%, reaching $7.35, though trading volume dropped significantly to 10,047 shares.
• The company announced a new dividend of $0.1092, set to be paid on November 3rd, reflecting a positive change from the previous dividend of $0.08 and representing a 147.0% yield.
• China Resources Beer (Holdings) Company Limited specializes in the production and distribution of beer products under brands like Snow and Nong Li, having undergone a name change from China Resources Enterprise in October 2015.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - )'s share price traded up 5% on Friday . The stock traded as high as $7.37 and last traded at $7.35. 10,047 shares changed hands during trading, a decline of 75% from the average session volume of 40,835 shares. The stock had previously closed at $7.00.

China Resources Enterprise Price Performance

The business has a fifty day moving average of $7.11 and a 200 day moving average of $6.95.

China Resources Enterprise Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Thursday, September 4th will be given 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 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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