Power Assets (OTCMKTS:HGKGY) Sees Large Volume Increase - What's Next?

Key Points

• Power Assets Holdings Ltd. saw a significant trading volume increase, with 8,296 shares changing hands—a rise of 147% from the prior session's volume.
• The company recently cut its dividend, with a payment of $0.0796 per share, reflecting a high dividend yield of 474.0%.
• Power Assets engages in the generation, transmission, and distribution of electricity across multiple regions including Hong Kong and Australia.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - ) shares saw strong trading volume on Monday . 8,296 shares changed hands during mid-day trading, an increase of 147% from the previous session's volume of 3,357 shares.The stock last traded at $6.26 and had previously closed at $6.26.

Power Assets Stock Down 0.6%

The company's 50 day moving average price is $6.51 and its 200 day moving average price is $6.45.

Power Assets Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were paid a dividend of $0.0796 per share. This represents a dividend yield of 474.0%. The ex-dividend date of this dividend was Thursday, September 11th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.