Oriental Rise Holdings Limited Ordinary Shares (NASDAQ:ORIS) Stock Price Up 5.8% – Here’s Why

Shares of Oriental Rise Holdings Limited Ordinary Shares (NASDAQ:ORIS) were up 5.8% during mid-day trading on Friday . The company traded as high as $1.32 and last traded at $1.27. Approximately 374,516 shares traded hands during trading, a decline of 85% from the average daily volume of 2,447,052 shares. The stock had previously closed at $1.20.

Oriental Rise Holdings Limited Ordinary Shares Stock Up 5.8 %

The business has a fifty day moving average of $1.39.

Institutional Investors Weigh In On Oriental Rise Holdings Limited Ordinary Shares

An institutional investor recently bought a new position in Oriental Rise Holdings Limited Ordinary Shares stock. Millennium Management LLC acquired a new position in shares of Oriental Rise Holdings Limited Ordinary Shares (NASDAQ:ORIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

Oriental Rise Holdings Limited Ordinary Shares Company Profile

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.