Shangri-La Asia (OTCMKTS:SHALY) Shares Gap Up – Here’s What Happened

Shangri-La Asia Ltd. (OTCMKTS:SHALYGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.5636, but opened at $13.05. Shangri-La Asia shares last traded at $13.05, with a volume of 832 shares traded.

Shangri-La Asia Price Performance

The firm has a 50-day moving average price of $11.45 and a 200 day moving average price of $11.00.

Shangri-La Asia Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, September 29th were issued a $0.1284 dividend. This represents a yield of 348.0%. The ex-dividend date of this dividend was Friday, September 26th.

About Shangri-La Asia

(Get Free Report)

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.

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