Power Assets (OTCMKTS:HGKGY) Hits New 12-Month High – Time to Buy?

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.37 and last traded at $7.37, with a volume of 883 shares changing hands. The stock had previously closed at $7.05.

Power Assets Stock Performance

The business has a 50-day moving average of $6.94 and a two-hundred day moving average of $6.63.

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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