Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $7.42, but opened at $7.66. Power Assets shares last traded at $7.66, with a volume of 407 shares trading hands.
Power Assets Stock Performance
The firm has a 50 day moving average price of $7.59 and a two-hundred day moving average price of $7.72.
Power Assets Company Profile
Power Assets Holdings Limited is a Hong Kong-based investment company focused on the international energy and utility sector. Through its investments and associated companies, the company participates in electricity generation, transmission and distribution, gas distribution, renewable energy and other infrastructure-related activities.
Its portfolio has included interests in utility businesses serving Hong Kong, the United Kingdom, Australia, New Zealand, Canada and other markets. Power Assets’ investments may include regulated networks and energy infrastructure assets that provide electricity or gas to residential, commercial and industrial customers.
The company traces its roots to Hongkong Electric Holdings and has evolved from a primarily Hong Kong-focused power business into a diversified international utility investor.
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