Power Assets (OTCMKTS:HGKGY) Shares Gap Down – Here’s What Happened

Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.90, but opened at $6.45. Power Assets shares last traded at $6.45, with a volume of 122 shares traded.

Power Assets Price Performance

The company’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $6.49.

Power Assets Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were given a $0.0796 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a yield of 474.0%.

Power Assets Company Profile

(Get Free Report)

Power Assets Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, and waste sources. The company also transmits and distributes oil and gas; and provides trust administration and management services.

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