Yankuang Energy Group (OTCMKTS:YZCAY) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Yankuang Energy Group's stock price surpassed its 200-day moving average, with shares trading as high as $12.25, indicating a positive market performance.
• The company announced a significant dividend increase to $0.5958, resulting in a yield of 1,966.0%, up from the previous dividend of $0.33.
• Yankuang Energy Group operates primarily in the mining and sale of coal, offering various types of coal for multiple industries including electric power and metallurgy.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.71 and traded as high as $12.25. Yankuang Energy Group shares last traded at $12.25, with a volume of 1,571 shares.

Yankuang Energy Group Stock Performance

The business's fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $10.74. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53.

Yankuang Energy Group Increases Dividend

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

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.