CLP (OTCMKTS:CLPHY) Sees Large Volume Increase - Time to Buy?

Key Points

• CLP Holdings Ltd. (OTCMKTS:CLPHY) experienced a significant trading volume increase of 49%, with approximately 145,742 shares traded compared to the previous session.
• The company's stock price rose by 1.6% to $8.35, having previously closed at $8.26.
• CLP announced a dividend cut, with a recent payment of $0.0723 per share representing a dividend yield of 438.0%.

CLP Holdings Ltd. (OTCMKTS:CLPHY - ) shares saw unusually-high trading volume on Thursday . Approximately 145,742 shares changed hands during trading, an increase of 49% from the previous session's volume of 97,967 shares.The stock last traded at $8.35 and had previously closed at $8.26.

CLP Trading Up 1.6%

The business has a fifty day moving average price of $8.40 and a 200-day moving average price of $8.37.

CLP Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 22nd. Stockholders of record on Thursday, September 4th were issued a dividend of $0.0723 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a dividend yield of 438.0%.

About CLP

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar.

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