Power Assets (OTCMKTS:HGKGY) Shares Gap Down – Here’s Why

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $7.1905, but opened at $6.93. Power Assets shares last traded at $6.93, with a volume of 339 shares trading hands.

Power Assets Stock Performance

The company’s fifty day simple moving average is $6.68 and its two-hundred day simple moving average is $6.55.

About Power Assets

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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.

Further Reading

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