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China Resources Power (OTCMKTS:CRPJY) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

China Resources Power logo with Utilities background

Key Points

  • China Resources Power shares have fallen below their 50-day moving average, currently trading at $36.99 compared to the average of $37.42.
  • The company has announced a dividend payment of $0.6103 per share, reflecting a significant yield of 489.0%.
  • China Resources Power specializes in the investment and management of power plants and coal mines across various energy sources, including thermal power and renewable energy.
  • Five stocks we like better than China Resources Power.

China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $37.42 and traded as low as $36.99. China Resources Power shares last traded at $36.99, with a volume of 11 shares changing hands.

China Resources Power Price Performance

The firm has a 50-day moving average price of $37.42 and a two-hundred day moving average price of $36.01.

China Resources Power Cuts Dividend

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

About China Resources Power

(Get Free Report)

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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