China Resources Enterprise (OTCMKTS:CRHKY) Shares Gap Up – What’s Next?

China Resources Enterprise Ltd. (OTCMKTS:CRHKYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.62, but opened at $7.13. China Resources Enterprise shares last traded at $6.81, with a volume of 18,506 shares trading hands.

China Resources Enterprise Price Performance

The stock has a 50-day moving average of $6.93 and a two-hundred day moving average of $7.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.83 and a quick ratio of 0.49.

About China Resources Enterprise

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China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.

In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.

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