Power Assets (OTCMKTS:HGKGY) Sets New 1-Year High – Here’s What Happened

Power Assets Holdings Ltd. (OTCMKTS:HGKGY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $7.1905 and last traded at $7.1905, with a volume of 485 shares traded. The stock had previously closed at $7.16.

Power Assets Price Performance

The business has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $6.53.

Power Assets Company Profile

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.