Power Assets (OTCMKTS:HGKGY) Reaches New 1-Year High – What’s Next?

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $8.27 and last traded at $7.97, with a volume of 2320 shares changing hands. The stock had previously closed at $7.63.

Power Assets Price Performance

The stock has a 50 day moving average of $7.45 and a 200-day moving average of $6.84.

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.

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