Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.49, but opened at $7.75. Power Assets shares last traded at $7.75, with a volume of 437 shares trading hands.
Power Assets Stock Performance
The stock has a fifty day simple moving average of $7.40 and a two-hundred day simple moving average of $7.79. 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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