Power Assets (OTCMKTS:HGKGY) Hits New 1-Year High – Should You Buy?

Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $8.27 and last traded at $7.97, with a volume of 2320 shares traded. The stock had previously closed at $7.63.

Power Assets Trading Up 2.2%

The company has a fifty day moving average price of $7.50 and a 200-day moving average price of $6.85.

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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