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ENN Energy (OTCMKTS:XNGSY) Shares Gap Down - Here's Why

ENN Energy logo with Utilities background

Key Points

  • ENN Energy shares gapped down, opening at $31.69 after closing at $33.06, with the current trading price at $32.09, reflecting a decline of 2.6%.
  • The company announced an increase in its dividend to $1.0154, marking a significant yield of 386.0%, up from the previous dividend of $0.26.
  • ENN Energy Holdings Ltd. operates in the gas pipeline infrastructure sector in China, undertaking various business activities including retail gas sales and construction management.
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ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $33.06, but opened at $31.69. ENN Energy shares last traded at $32.09, with a volume of 99 shares.

ENN Energy Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68. The stock's 50 day moving average price is $32.51 and its 200 day moving average price is $30.84.

ENN Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 8th. Investors of record on Friday, May 30th will be issued a $1.0154 dividend. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 386.0%. This is a boost from ENN Energy's previous dividend of $0.26.

ENN Energy Company Profile

(Get Free Report)

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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