CLP (OTCMKTS:CLPHY) Shares Gap Up – Here’s Why

CLP Holdings Ltd. (OTCMKTS:CLPHYGet Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.5780, but opened at $10.08. CLP shares last traded at $9.6950, with a volume of 3,660 shares.

CLP Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $9.11 and a 200-day moving average of $8.71.

CLP Company Profile

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CLP Holdings Limited (OTCMKTS: CLPHY) is an investor‑owned electric utility headquartered in Hong Kong. The company’s core activities include the generation, transmission and distribution of electricity as well as the retailing of energy to residential, commercial and industrial customers. CLP’s generation portfolio is diversified across conventional and low‑carbon technologies, and the company supplements its core utility operations with energy services such as demand management, distributed energy solutions and infrastructure development.

Founded in the early 20th century as China Light & Power, CLP has developed into one of the region’s long‑standing power companies and conducts operations and investments across the Asia‑Pacific region.

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