Power Assets (OTCMKTS:HGKGY) Hits New 52-Week High – Here’s What Happened

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.20 and last traded at $8.20, with a volume of 453 shares trading hands. The stock had previously closed at $8.06.

Power Assets Stock Down 0.2%

The stock’s 50-day moving average price is $7.09 and its 200 day moving average price is $6.70.

Power Assets Company Profile

(Get Free Report)

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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