CLP (OTCMKTS:CLPHY) Sees Large Volume Increase – What’s Next?

CLP Holdings Ltd. (OTCMKTS:CLPHYGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 93,899 shares changed hands during trading, an increase of 81% from the previous session’s volume of 51,871 shares.The stock last traded at $9.8460 and had previously closed at $9.79.

CLP Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.67 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $9.14 and its 200 day simple moving average is $8.73.

About CLP

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CLP Holdings Limited (OTCMKTS: CLPHY) is an investor‑owned electric utility headquartered in Hong Kong. The company’s core activities include the generation, transmission and distribution of electricity as well as the retailing of energy to residential, commercial and industrial customers. CLP’s generation portfolio is diversified across conventional and low‑carbon technologies, and the company supplements its core utility operations with energy services such as demand management, distributed energy solutions and infrastructure development.

Founded in the early 20th century as China Light & Power, CLP has developed into one of the region’s long‑standing power companies and conducts operations and investments across the Asia‑Pacific region.

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