Oriental Rise (NASDAQ:ORIS) Shares Set to Reverse Split on Monday, June 22nd

Oriental Rise Holdings Limited (NASDAQ:ORIS) shares are scheduled to reverse split before the market opens on Monday, June 22nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 21st.

Oriental Rise Trading Up 3.1%

Shares of ORIS stock traded up $0.02 during trading on Wednesday, hitting $0.54. The company had a trading volume of 100,729 shares, compared to its average volume of 828,316. Oriental Rise has a one year low of $0.28 and a one year high of $20.00. The stock’s 50-day moving average price is $0.53 and its 200 day moving average price is $1.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Oriental Rise Company Profile

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.