China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Up – Time to Buy?

China Resources Enterprise Ltd. (OTCMKTS:CRHKY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.91, but opened at $7.26. China Resources Enterprise shares last traded at $7.2550, with a volume of 495 shares trading hands.

China Resources Enterprise Stock Up 0.6%

The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $6.90.

China Resources Enterprise Increases Dividend

The business also recently announced a dividend, which was paid on Monday, November 3rd. Investors of record on Thursday, September 4th were paid a $0.1092 dividend. This represents a yield of 147.0%. The ex-dividend date of this dividend was Wednesday, September 3rd. This is an increase from China Resources Enterprise’s previous dividend of $0.08.

China Resources Enterprise Company Profile

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.