Yankuang Energy Group (OTCMKTS:YZCAY) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Yankuang Energy Group's share price has recently crossed above its 200-day moving average of $10.76, trading as high as $11.51 with a recent volume of 415 shares.
• The company has announced an increase in its dividend to $0.5958 per share, reflecting a substantial yield of 1,966.0%, up from the previous dividend of $0.33.
• Yankuang Energy Group maintains solid financial metrics with a debt-to-equity ratio of 0.53, indicating a strong financial position in the mining and energy sector.

Shares of Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.76 and traded as high as $11.51. Yankuang Energy Group shares last traded at $11.51, with a volume of 415 shares trading hands.

Yankuang Energy Group Trading Down 0.9%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.88. The business has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $10.76.

Yankuang Energy Group Increases Dividend

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

About Yankuang Energy Group

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.

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