Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) shot up 6.4% during mid-day trading on Friday. The stock traded as high as $8.61 and last traded at $8.61. 507 shares were traded during trading, a decline of 81% from the average daily volume of 2,661 shares. The stock had previously closed at $8.09.
Power Assets Stock Performance
The firm has a 50-day moving average price of $7.78 and a 200-day moving average price of $7.78.
Power Assets Company Profile
Power Assets Holdings Limited is a Hong Kong-based investment holding company focused on energy and utility-related businesses. Its investments include electricity generation, transmission and distribution, as well as gas distribution and other infrastructure services. The company traces its history to Hongkong Electric Holdings, established in 1976. It adopted the Power Assets name in 2010 as its business expanded beyond its historic Hong Kong electricity operations to include a broader portfolio of utility investments.
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