Power Assets (OTCMKTS:HGKGY) Shares Gap Up – Still a Buy?

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $6.89, but opened at $7.12. Power Assets shares last traded at $7.12, with a volume of 103 shares changing hands.

Power Assets Stock Up 1.6%

The company’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $6.51.

Power Assets Company Profile

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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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