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

Power Assets logo with Utilities background

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.37, but opened at $6.91. Power Assets shares last traded at $6.91, with a volume of 1,295 shares trading hands.

Power Assets Price Performance

The company has a 50 day moving average of $6.52 and a 200 day moving average of $6.49. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

Power Assets Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.2425 per share. This represents a dividend yield of 4.84%. 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.

About Power Assets

(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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