The results from the Annual General Meeting of a company is almost always a major event and hence, it was no surprise that the Orchid Ventures Inc (OTCMKTS:ORVRF) stock was in focus among investors yesterday. The Annual General Meeting in question had been held back on December 10, 2021.
Trading Data
On Tuesday, ORVRF stock ended flat at $0.0850 with more than 72k shares traded, compared to its average volume of 1.8k shares. The stock has moved within a range of $0.0850 – 0.0850 after opening trading at $0.0850.
Orchid Ventures Announces AGM Results
However, the announcement from the results did not lead to any kind of optimism from investors and the stock went down by as much as 8% for the day. Hence, it might now be a good move from investors to take a look at some of the highlights from the Annual General Meeting results.
The shareholders who were present at the meeting voted in favour of all the motions that had been put forward by Orchid Ventures. In total four motions were passed at the Annual General Meeting by the shareholders. The number of directors at the company was set at 4 at the end of the meeting.
Another important motion which was passed was in relation to the appointment of the professional chartered accountant firm DCML LLP as the auditor for Orchid Ventures for the year. It remains to be seen if the stock makes a rebound at any point this week.
