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NINGDE, CHINA - Oriental Rise Holdings Limited (NASDAQ:ORIS), a supplier of white and black tea products in mainland China, announced Monday it has received a deficiency notification from Nasdaq for failing to meet the minimum bid-price requirement. The company’s stock, currently trading at $0.61, has experienced significant volatility, with InvestingPro data showing an 89% decline over the past year despite maintaining strong fundamentals.
The notification, received on June 30, came after the company’s ordinary shares traded below $1.00 for 30 consecutive business days from May 15 to June 27, 2025, violating Nasdaq Listing Rule 5550(a)(2). According to InvestingPro analysis, the company maintains a healthy financial position with a current ratio of 24.8 and more cash than debt on its balance sheet.
The company’s shares will continue to trade uninterrupted on Nasdaq while Oriental Rise works to regain compliance. Under Nasdaq rules, the company has a 180-calendar-day compliance period ending December 29, 2025, to meet the minimum bid-price requirement.
Oriental Rise can regain compliance if its closing bid price reaches at least $1.00 for a minimum of 10 consecutive business days during this period. If unsuccessful, the company may be eligible for an additional 180-calendar-day extension if it meets other Nasdaq Capital Market listing criteria.
The tea supplier stated it is "actively monitoring the bid price" and "evaluating all available options" to regain compliance with Nasdaq’s requirements.
Oriental Rise operates as an integrated supplier of primarily-processed and refined white and black tea products, with vertically integrated operations covering cultivation, processing, and sales to wholesale distributors and retail customers in mainland China. Despite recent price challenges, InvestingPro analysis indicates the company is currently undervalued, with a P/E ratio of 5.26 and strong free cash flow yield. Subscribers can access 12 additional ProTips and detailed financial metrics for deeper analysis.
This information is based on a company press release issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of deficiency notifications.
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