China Gas (OTCMKTS:CGHLY) Trading Up 5.5% – Here’s What Happened

China Gas Holdings Limited (OTCMKTS:CGHLY)’s stock price shot up 5.5% on Friday . The stock traded as high as $28.28 and last traded at $28.28. 150 shares changed hands during trading, a decline of 18% from the average session volume of 183 shares. The stock had previously closed at $26.80.

China Gas Price Performance

The firm has a fifty day moving average of $24.71 and a 200-day moving average of $25.49.

China Gas Company Profile

China Gas (OTCMKTS:CGHLY) is a Hong Kong–based energy company primarily engaged in the distribution and sale of natural gas in the People’s Republic of China. Through its network of subsidiaries, the company builds, owns and operates city-gas pipeline systems that deliver piped natural gas to residential, commercial and industrial customers. In addition to its core piped‐gas business, China Gas develops liquefied natural gas (LNG) and compressed natural gas (CNG) refilling stations to support transportation and decentralized energy needs.

The company’s operations encompass the entire gas‐value chain, from upstream procurement and storage to downstream distribution and retail.