Shares of Oriental Rise Holdings Limited (NASDAQ:ORIS – Free Report) are scheduled to reverse split on Tuesday, December 30th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, December 29th.
Oriental Rise Trading Down 10.4%
ORIS stock opened at $0.07 on Friday. Oriental Rise has a twelve month low of $0.07 and a twelve month high of $2.85. The business’s fifty day simple moving average is $0.12 and its two-hundred day simple moving average is $0.26.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oriental Rise in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
About Oriental Rise
Oriental Rise Acquisition Corp. (NASDAQ: ORIS) is a special purpose acquisition company formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check company, Oriental Rise does not conduct any operations of its own until it identifies a suitable target business for acquisition.
The company seeks to partner with businesses operating in high-growth sectors across Asia, including Greater China and Southeast Asia.
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