China Gas Holdings Limited (OTCMKTS:CGHLY – Get Free Report) shares rose 7.2% during mid-day trading on Monday . The stock traded as high as $24.80 and last traded at $24.80. Approximately 137 shares changed hands during trading, a decline of 37% from the average daily volume of 217 shares. The stock had previously closed at $23.13.
China Gas Stock Performance
The company’s 50-day moving average price is $25.84 and its 200-day moving average price is $25.49.
About China Gas
China Gas (OTCMKTS:CGHLY) is a Hong Kong–based energy company primarily engaged in the distribution and sale of natural gas in the People’s Republic of China. Through its network of subsidiaries, the company builds, owns and operates city-gas pipeline systems that deliver piped natural gas to residential, commercial and industrial customers. In addition to its core piped?gas business, China Gas develops liquefied natural gas (LNG) and compressed natural gas (CNG) refilling stations to support transportation and decentralized energy needs.
The company’s operations encompass the entire gas?value chain, from upstream procurement and storage to downstream distribution and retail.
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