Power Assets (OTCMKTS:HGKGY) Shares Gap Down - Time to Sell?

Key Points

• Power Assets Holdings Ltd.'s stock price fell by 4.4%, opening at $6.31 after previously closing at $6.52.
• The company recently declared a dividend of $0.0796 per share, yielding 474.0%, which was paid out to stockholders of record on September 12th.
• Power Assets engages in the generation, transmission, and distribution of electricity across multiple regions including Hong Kong, the UK, and Australia.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - )'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.52, but opened at $6.31. Power Assets shares last traded at $6.31, with a volume of 1,398 shares traded.

Power Assets Stock Down 4.4%

The business's 50 day moving average is $6.47 and its 200-day moving average is $6.45.

Power Assets Cuts Dividend

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

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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