Oriental Culture (NYSE:OCG) Stock Price Down 19% – Here’s Why

Oriental Culture Holding LTD (NYSE:OCG) dropped 19% during mid-day trading on Friday . The stock traded as low as $1.58 and last traded at $1.80. Approximately 10,787,197 shares were traded during trading, an increase of 315% from the average daily volume of 2,598,206 shares. The stock had previously closed at $2.2220.

Oriental Culture Trading Down 19.0%

The company has a fifty day moving average price of $1.54 and a two-hundred day moving average price of $3.27.

Oriental Culture Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, February 9th. Shareholders of record on Thursday, January 22nd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, January 22nd.

About Oriental Culture

Oriental Culture Holding Ltd (NYSE: OCG) is a China-based holding company focused on the development and operation of cultural tourism, entertainment and related real estate projects. The firm seeks to capitalize on the growing domestic travel market by creating immersive destination experiences that blend natural scenery, cultural exhibits and hospitality services.

The company invests in and develops integrated resort complexes and theme parks, providing hotel and restaurant management alongside retail and leisure offerings.