Power Assets (OTCMKTS:HGKGY) Stock Price Up 0.2% - Time to Buy?

Key Points

• Power Assets Holdings Ltd. saw a modest stock increase of 0.2%, trading at $6.39, with a notable 4% decline in trading volume from its average.
• The company has announced a dividend of $0.0796 per share, with a high yield of 474.0% due to the declared dividend, payable on September 30th.
• Power Assets engages in the generation, transmission, and distribution of electricity across various regions including Hong Kong and Australia, utilizing multiple energy sources.

Power Assets Holdings Ltd. (OTCMKTS:HGKGY - )'s stock price was up 0.2% during trading on Tuesday . The company traded as high as $6.39 and last traded at $6.39. Approximately 2,169 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 2,249 shares. The stock had previously closed at $6.37.

Power Assets Stock Up 0.2%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.30 and a quick ratio of 0.86. The stock's 50 day moving average price is $6.53 and its two-hundred day moving average price is $6.46.

Power Assets Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.0796 per share. This represents a yield of 474.0%. The ex-dividend date is 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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