Oriental Rise Holdings Limited Ordinary Shares’ Lock-Up Period To End on April 15th (NASDAQ:ORIS)

Oriental Rise Holdings Limited Ordinary Shares’ (NASDAQ:ORIS) lock-up period will expire on Tuesday, April 15th. Oriental Rise Holdings Limited Ordinary Shares had issued 1,750,000 shares in its initial public offering on October 17th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of Oriental Rise Holdings Limited Ordinary Shares’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Oriental Rise Holdings Limited Ordinary Shares Stock Performance

ORIS stock opened at $0.99 on Thursday. The firm’s fifty day moving average price is $1.15. Oriental Rise Holdings Limited Ordinary Shares has a one year low of $0.94 and a one year high of $56.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oriental Rise Holdings Limited Ordinary Shares stock. Millennium Management LLC acquired a new stake in Oriental Rise Holdings Limited Ordinary Shares (NASDAQ:ORIS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,650 shares of the company’s stock, valued at approximately $27,000. Millennium Management LLC owned about 0.08% of Oriental Rise Holdings Limited Ordinary Shares at the end of the most recent quarter.

About Oriental Rise Holdings Limited Ordinary Shares

Oriental Rise Holdings Ltd. engages in the cultivation, processing, and sale of tea leaves and tea products. Its segments include refined teas and processed teas. The company was founded by Chun Sun Wong, Wai Kwong Fong and Deming Zhou on January 25, 2019 and is headquartered in Ningde, China.