Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) saw unusually-strong trading volume on Tuesday . 2,835 shares changed hands during trading, an increase of 24% from the previous session’s volume of 2,282 shares.The stock last traded at $7.75 and had previously closed at $7.76.
Power Assets Price Performance
The stock’s fifty day simple moving average is $7.49 and its 200-day simple moving average is $7.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.
About Power Assets
Power Assets Holdings Limited, traded over the counter as HGKGY, is an investment holding company focused on power generation and electricity distribution businesses. Incorporated in Bermuda, the company holds a significant equity interest in The Hongkong Electric Company, serving Hong Kong Island and Lamma Island. Its core activities include long-term investments in regulated utility assets and the development of low-carbon energy solutions.
Beyond its flagship investment in Hong Kong, Power Assets has diversified holdings across Asia Pacific and Europe.
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