Power Assets (OTCMKTS:HGKGY) Shares Up 1.1% - Still a Buy?

Key Points

• Power Assets Holdings Ltd. saw a stock increase of 1.1%, with shares trading at $6.38 after previously closing at $6.31.
• The company recently declared a dividend of $0.0796, yielding a remarkable 474.0%, which was paid out to shareholders of record.
• Power Assets engages in the generation, transmission, and distribution of electricity across several countries, including Hong Kong, the UK, and Australia.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - ) traded up 1.1% during trading on Wednesday . The stock traded as high as $6.41 and last traded at $6.38. 787 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 3,654 shares. The stock had previously closed at $6.31.

Power Assets Stock Up 1.1%

The company has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.46.

Power Assets Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were given a $0.0796 dividend. This represents a 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.

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