China Resources Power (OTCMKTS:CRPJY) Shares Gap Down - Here's What Happened

Key Points

• China Resources Power shares opened significantly lower at $36.10 after closing at $37.68, indicating a gap down before the market opened.
• The company has cut its dividend, now set at $0.6103 per share, with a high yield of 489.0%, payable on November 14th.
• The stock is currently trading down 4.2% with moving averages of $36.92 for 50 days and $36.12 for 200 days, reflecting a bearish trend.

Shares of China Resources Power Holdings Co. (OTCMKTS:CRPJY - ) gapped down before the market opened on Thursday . The stock had previously closed at $37.68, but opened at $36.10. China Resources Power shares last traded at $36.10, with a volume of 108 shares traded.

China Resources Power Trading Down 4.2%

The stock's 50-day simple moving average is $36.92 and its 200 day simple moving average is $36.12.

China Resources Power Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, September 12th will be given a dividend of $0.6103 per share. This represents a yield of 489.0%. The ex-dividend date of this dividend is Thursday, September 11th.

About China Resources Power

China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects.

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