Shares of Huaneng Power International, Inc. (OTCMKTS:HUNGF – Get Free Report) shot up 10.5% during trading on Friday. The company traded as high as $0.8061 and last traded at $0.8061. Approximately 4,000 shares traded hands during trading, a decline of 48% from the average daily volume of 7,649 shares. The stock had previously closed at $0.7295.
Huaneng Power International Stock Up 10.5%
The stock’s 50 day moving average is $0.74 and its two-hundred day moving average is $0.80.
About Huaneng Power International
Huaneng Power International, Inc is a China-based electricity producer and a core subsidiary of China Huaneng Group. Established in 1994, the company develops, constructs, owns, and operates power generation facilities and sells the electricity they produce to regional power grids.
The company’s generating portfolio has historically been led by coal-fired power plants, complemented by facilities using natural gas and renewable energy sources such as wind and solar power. Huaneng Power International also participates in power-related heating and other energy services, with operations spanning multiple provinces and autonomous regions in mainland China.
Huaneng Power International is headquartered in Beijing and is listed in Hong Kong and on the Shanghai Stock Exchange.
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