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Oriental Culture Holding LTD Ordinary Shares - $OCG STOCK NEWS

Welcome to our dedicated page for Oriental Culture Holding Ordinary Shares news (Ticker: $OCG), a resource for investors and traders seeking the latest updates and insights on Oriental Culture Holding Ordinary Shares stock.

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Rhea-AI Summary
Oriental Culture Holding LTD. (NASDAQ: OCG) announced unaudited financial results for the six months ended June 30, 2023. Total revenues were $0.8 million, down from $17.0 million in 2022. Gross profit was $0.6 million, compared to $16.0 million in 2022. Loss from operations was $2.4 million, compared to income of $5.1 million in 2022. Net loss was $2.1 million, compared to net income of $5.6 million in 2022. Investigation of related parties negatively impacted business operations and financial results. Share consolidation was approved. The company had $21.6 million in cash as of June 30, 2023. The company's management believes it has sufficient funds for the next 12 months.
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Rhea-AI Summary
Oriental Culture Holding LTD. has regained compliance with the minimum bid price requirement of the Nasdaq Stock Market. The closing bid price of the company's common stock has been $1.00 per share or greater for 10 consecutive trading days.
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-4.33%
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Rhea-AI Summary
Oriental Culture Holding LTD. announces shareholder approval for share consolidation, with a ratio of 1-for-5. The company's ordinary shares will begin trading on the NASDAQ Stock Market under the symbol 'OCG' on October 18, 2023.
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449.47%
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Rhea-AI Summary
Oriental Culture Holding has been granted an additional 180-day period to regain compliance with the minimum bid price requirement for continued listing on the NASDAQ Capital Market. If the closing bid price of the company's security reaches $1.00 per share for at least 10 consecutive business days, compliance will be confirmed. Otherwise, the securities may be delisted.
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-3.37%
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6.71%
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1.04%
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Rhea-AI Summary
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3.17%
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-10.62%
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Oriental Culture Holding LTD Ordinary Shares

Nasdaq:OCG

OCG Rankings

OCG Stock Data

6.08M
2.91M
33.28%
10.86%
0.69%
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