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China Resources Power (OTCMKTS:CRPJY) Shares Up 4.2% - Time to Buy?

China Resources Power logo with Utilities background

Key Points

  • The stock price of China Resources Power increased by 4.2%, reaching $38.00, with a dramatic trading volume spike of 19,900% from its average session volume.
  • China Resources Power recently announced a dividend increase to $1.2519 per share from the previous $0.81, resulting in a substantial yield of 598.0%.
  • The company operates in the energy sector, managing various power plants, including coal, gas, renewable, and hydroelectric energy projects across China.
  • MarketBeat previews top five stocks to own in October.

China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report) shares shot up 4.2% on Tuesday . The stock traded as high as $38.00 and last traded at $38.00. 300 shares traded hands during mid-day trading, an increase of 19,900% from the average session volume of 2 shares. The stock had previously closed at $36.45.

China Resources Power Price Performance

The company has a debt-to-equity ratio of 1.17, a current ratio of 0.58 and a quick ratio of 0.52. The firm has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $35.14.

China Resources Power Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 7th. Investors of record on Friday, June 13th were given a $1.2519 dividend. This represents a yield of 598.0%. This is an increase from China Resources Power's previous dividend of $0.81. The ex-dividend date of this dividend was Thursday, June 12th.

China Resources Power Company Profile

(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.

See Also

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