Power Assets (OTCMKTS:HGKGY) Sees Strong Trading Volume - Time to Buy?

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.

Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 18,504 shares were traded during 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 Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50-day moving average price of $6.52 and a 200-day moving average price of $6.47.

Power Assets Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.2425 per share. This represents a dividend yield of 484.0%. The ex-dividend date of this dividend was Tuesday, May 27th. This is a positive change from Power Assets's previous dividend of $0.08.

Power Assets Company Profile

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.