Shares of China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) shot up 5.9% on Tuesday . The company traded as high as $7.15 and last traded at $7.15. 9,949 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 89,327 shares. The stock had previously closed at $6.7494.
China Resources Enterprise Stock Performance
The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $6.71 and its two-hundred day simple moving average is $6.87.
About China Resources Enterprise
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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