Power Assets (OTCMKTS:HGKGY) Shares Gap Up – Should You Buy?

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $7.66, but opened at $8.0950. Power Assets shares last traded at $7.7180, with a volume of 1,200 shares traded.

Power Assets Stock Performance

The company’s 50 day moving average price is $7.33 and its 200 day moving average price is $6.79.

Power Assets Company Profile

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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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