Yankuang Energy Group (OTCMKTS:YZCAY) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Yankuang Energy Group's stock price has exceeded its 200-day moving average, trading at $12.10, indicative of a potential upward trend.
• The company has recently increased its dividend to $0.5958, resulting in a remarkable dividend yield of 1,966.0%.
• Yankuang Energy Group's financial ratios indicate a quick ratio of 0.81 and a current ratio of 0.88, suggesting liquidity challenges.

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.64 and traded as high as $12.10. Yankuang Energy Group shares last traded at $12.10, with a volume of 356 shares changing hands.

Yankuang Energy Group Trading Down 0.7%

The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The stock's fifty day moving average price is $10.81 and its 200 day moving average price is $10.67.

Yankuang Energy Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, July 21st. Investors of record on Monday, June 9th were paid a $0.5958 dividend. This represents a yield of 1,966.0%. The ex-dividend date was Friday, June 6th. This is a positive change from Yankuang Energy Group's previous dividend of $0.33.

Yankuang Energy Group Company Profile

Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal in China and internationally. It offers thermal, PCI, and coking coal for electric power, metallurgy, chemical industry, etc.; manufactures, installs, and sells mining equipment and machinery; manufactures and sells coal mining and excavating equipment, cable, and rubber products; manufactures and sells methanol, acetic acid, ethyl acetate, caprolactam, naphtha, crude liquid wax, etc.; produces and sells chemicals and synthesis catalyst; explores for potash mineral; and sells coal mine machinery equipment and accessories, construction materials, petroleum products, and mineral products.