OurBio recorded an upper limit increase on its first trading day following a stock consolidation on September 7.
According to the Korea Exchange, as of 2:15 PM, OurBio's shares were trading at 5,830 won, up 29.99% from the previous trading day on September 4.
The company has shown strong performance throughout the day, reaching the maximum price limit shortly after the market opened.
The Korea Exchange noted that trading was suspended due to the change in the stock's face value following the consolidation, but was lifted on this day.
Stock consolidation involves merging multiple shares into one, which increases the face value per share. While it does not change the company's overall value, it reduces the number of shares in circulation and adjusts the stock price unit. OurBio consolidated five common shares into one, changing the face value from 500 won to 2,500 won.
* This article has been translated by AI.
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