Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up - Here's Why

Key Points

• Yankuang Energy Group shares opened at $12.38, up from a previous close of $11.60, indicating a strong market interest.
• Despite its stock price increase, the company reported $0.28 earnings per share, falling short of the consensus estimate of $0.64.
• The firm announced a dividend of $0.1772 per share, with a staggering yield of 913.0%, set to be paid on November 3rd.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $11.60, but opened at $12.38. Yankuang Energy Group shares last traded at $12.48, with a volume of 2,499 shares trading hands.

Yankuang Energy Group Price Performance

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 firm's 50 day moving average is $11.50 and its 200-day moving average is $10.92.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The energy company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.36). The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $7.36 billion. As a group, equities analysts forecast that Yankuang Energy Group Company Limited Sponsored ADR will post 2.58 earnings per share for the current year.

Yankuang Energy Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, September 15th will be issued a dividend of $0.1772 per share. The ex-dividend date is Friday, September 12th. This represents a yield of 913.0%.

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.

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