Shangri-La Asia (OTCMKTS:SHALY) Trading 4.8% Higher - Here's Why

Shares of Shangri-La Asia Ltd. (OTCMKTS:SHALY - Get Free Report) rose 4.8% during mid-day trading on Wednesday . The stock traded as high as $11.00 and last traded at $11.00. Approximately 100 shares changed hands during mid-day trading, an increase of 1,880% from the average daily volume of 5 shares. The stock had previously closed at $10.50.

Shangri-La Asia Price Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.42 and a current ratio of 1.44. The firm's 50 day moving average is $10.66 and its 200-day moving average is $11.19.

Shangri-La Asia Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, June 17th were issued a $0.2572 dividend. This is an increase from Shangri-La Asia's previous dividend of $0.13. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend was Monday, June 16th.

About Shangri-La Asia

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.