Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) shot up 6.3% during trading on Thursday . The stock traded as high as $7.92 and last traded at $7.92. Approximately 737 shares were traded during trading, a decline of 67% from the average session volume of 2,238 shares. The stock had previously closed at $7.45.
Power Assets Trading Up 1.0%
The business’s fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60.
Power Assets Company Profile
Power Assets Holdings Limited is an investment holding company focused on the international energy and utility sectors. Through its portfolio of investments and associated companies, the company has interests in electricity generation, transmission and distribution, gas distribution, renewable energy and other infrastructure-related businesses.
The company has historically been closely associated with Hong Kong’s electricity industry. It was formerly known as Hongkong Electric Holdings Limited and changed its name to Power Assets Holdings Limited in 2015, following the separation of its Hong Kong electricity business into HK Electric Investments.
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