Power Assets (OTCMKTS:HGKGY) Shares Gap Down - Here's What Happened

Key Points

• Power Assets Holdings Ltd. saw its shares gap down from a previous close of $6.57 to open at $6.30, representing a 4.0% decline during trading.
• The company recently announced a dividend of $0.0796 per share, yielding an impressive 474.0% and has been paid to shareholders of record.
• Power Assets Holdings operates in multiple regions, focusing on the generation, transmission, and distribution of electricity, alongside providing oil and gas services and management.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - ) gapped down before the market opened on Thursday . The stock had previously closed at $6.57, but opened at $6.30. Power Assets shares last traded at $6.30, with a volume of 258 shares changing hands.

Power Assets Trading Down 4.0%

The company has a fifty day moving average price of $6.51 and a 200 day moving average price of $6.45.

Power Assets Cuts Dividend

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

About Power Assets

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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