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Power Assets (OTCMKTS:HGKGY) Sees Large Volume Increase - Here's What Happened

Power Assets logo with Utilities background

Key Points

  • Power Assets Holdings Ltd. experienced a significant increase in trading volume, with 18,504 shares traded, marking a 446% surge from the previous day.
  • The company recently increased its dividend from $0.08 to $0.2425 per share, providing a remarkable yield of 484.0%.
  • Power Assets engages in electricity generation, transmission, and distribution across multiple regions including Hong Kong and Australia, with a focus on both thermal and renewable energy sources.
  • Want stock alerts on Power Assets? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 18,504 shares traded hands during mid-day trading, an increase of 446% from the previous session's volume of 3,391 shares.The stock last traded at $6.69 and had previously closed at $6.89.

Power Assets Price Performance

The business's 50-day simple moving average is $6.50 and its 200-day simple moving average is $6.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.86 and a quick ratio of 0.86.

Power Assets Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 17th. Investors of record on Wednesday, May 28th were issued a $0.2425 dividend. This is a boost from Power Assets's previous dividend of $0.08. This represents a yield of 484.0%. The ex-dividend date was Tuesday, May 27th.

Power Assets Company Profile

(Get Free Report)

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.

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