China Resources Power (OTCMKTS:CRPJY) Stock Price Up 4.2% - Here's Why

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.

China Resources Power Holdings Co. (OTCMKTS:CRPJY - )'s share price shot up 4.2% during trading on Tuesday . The stock traded as high as $38.00 and last traded at $38.00. 300 shares were traded during 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 Trading Up 4.2%

The stock's fifty day moving average price is $37.31 and its 200 day moving average price is $35.03. The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17.

China Resources Power Increases Dividend

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

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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