Power Assets (OTCMKTS:HGKGY) Sets New 52-Week High – Still a Buy?

Shares of Power Assets Holdings Ltd. (OTCMKTS:HGKGYGet Free Report) hit a new 52-week high on Friday . The company traded as high as $7.25 and last traded at $7.25, with a volume of 500 shares trading hands. The stock had previously closed at $7.1895.

Power Assets Price Performance

The stock’s 50-day moving average price is $6.76 and its 200 day moving average price is $6.57.

About Power Assets

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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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