Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $0.7965, but opened at $0.8744. Hong Kong & China Gas shares last traded at $0.8743, with a volume of 1,004 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Hong Kong & China Gas to a “hold” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hong Kong & China Gas has an average rating of “Hold”.
Check Out Our Latest Research Report on Hong Kong & China Gas
Hong Kong & China Gas Trading Up 9.8%
About Hong Kong & China Gas
Hong Kong & China Gas Company Limited, commonly known as Towngas, is a Hong Kong-based energy and utility company. Established in 1862, it operates Hong Kong’s piped-gas supply network and provides natural gas and related energy services to residential, commercial and industrial customers.
The company distributes town gas and natural gas, supplies liquefied petroleum gas, and sells gas appliances and household products. Its activities also include gas engineering, infrastructure development, energy management and the development of lower-carbon and renewable energy solutions.
Beyond Hong Kong, Towngas has expanded into mainland China, where it operates city-gas and related utility businesses in numerous urban markets.
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