What Sparked Oriental Culture Holding's (OCG) 24% After-Hours Surge? - Oriental Culture Holding (NASDAQ:OCG)

Core Viewpoint - Oriental Culture Holding LTD (NASDAQ: OCG) experienced a significant surge of 23.89% in after-hours trading, reaching a price of $0.014, following a regular session close at $0.011, which was a decline of 33.14% [1]. Group 1: Special Cash Dividend - The board of Oriental Culture Holding approved a special cash dividend of 5 cents per share, which will be paid on February 9 to shareholders of record as of January 22 [2]. - CEO Yi Shao emphasized that the dividend distribution reflects the company's appreciation for shareholders' trust and support, considering the company's operating needs and future growth plans [3]. Group 2: Trading Metrics and Performance - The stock has seen a dramatic decline of 99.07% over the past 12 months, indicating a long-term downward trend and suggesting caution for traders [4]. - Oriental Culture Holding has a market capitalization of $781,650, with shares trading within an annual range of $0.01 to $19.28, currently positioned at approximately 0.005% of its annual range, indicating it is near its yearly low [4]. - The stock is reported to have a negative price trend across all time frames according to Benzinga's Edge Stock Rankings [5].