What is TRCH stock price?
Torchlight Energy Resources Stock Price (Quote) NASDAQ:TRCHRangeLow PriceHigh Price30 days$1.44$2.1990 days$1.38$3.1352 weeks$1.27$10.88Mar 15, 2022
What is the float of TRCH?
Overview:Market Capitalization, $K785,778% of Insider Shareholders17.49%% of Institutional Shareholders8.31%Float, K130,979% Float82.51%6 more rows•Jun 25, 2021
Is TRCH still trading?
Transition in Torchlight Energy Resources Brings a Goodbye and a Good Buy. June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ:TRCH). That's the day the company merged with Metamaterials to form Meta Materials (NASDAQ:MMAT). And as a result, TRCH stock was replaced by MMAT stock.Jul 26, 2021
Is Torchlight a good buy?
Is Torchlight Energy Resources stock A Buy? Torchlight Energy Resources holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Mar 15, 2022
Who is the CEO of Torchlight?
TecHRseries Interview with Adam Goldberg, CEO and Founder at Torchlight.
Why did TRCH go up?
TRCH stock soared yesterday after users of the Reddit group r/TRCH announced in the early hours Monday that shareholders should "Torch the short" to get shares to 20 on Monday and 100 by Tuesday. The stock was also getting mentions in comments in the popular r/WallStreetBets Reddit group.Jun 22, 2021
What is TRCH now?
TRCH Price/Volume StatsCurrent price$4.95$10.88Prev. close$4.75$0.21Day low$4.80110,647,400Day high$5.3829,799,63550-day MA$2.94N/A1 more row•Jun 25, 2021
How do I buy TRCH stock?
Torchlight Energy Resources shares (TRCH) are listed on the NASDAQ and all prices are listed in US Dollars....How to buy shares in Torchlight Energy ResourcesCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...•Aug 22, 2021
How do you buy the TRCH?
Torchlight Energy Resources (NASDAQ: TRCH) is an oil and natural gas exploration company....How to Buy Torchlight Energy Resources (NASDAQ: TRCH) StockStep 1: Pick a brokerage. ... Step 2: Decide how many shares you want. ... Step 3: Choose your order type. ... Step 4: Execute your trade.Jun 24, 2021
What happened torch stock?
Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ:MMAT) stock. The news of a dividend payment, a reverse stock split of TRCH stock, and the business combination were enough to spike interest throughout June.Jul 14, 2021
Why is torch stock dropping?
What happened. Shares of U.S. energy company Torchlight Energy Resources ( TRCH ) declined as much as 16% in early trading on Monday. While falling oil and natural gas prices didn't help the situation today, the news driving the drop was likely an update on the company's planned reverse merger with Metamaterial ( MMAT.Mar 15, 2021
What are good tech stocks?
Best Value Tech StocksMandiant Inc. (MNDT)22.355.2CDK Global Inc. (CDK)54.446.4Dell Technologies Inc. (DELL)46.9435.7HP Inc. (HPQ)37.4739.52 more rows
TRCH-Meta merger
After a lot of delays, the Torchlight Energy and Metamaterial merger is finally happening. The two companies signed a definitive agreement in December 2020 for a merger. The initial shareholder vote for the proposed business combination was scheduled to happen on March 12.
Why TRCH stock is rising
TRCH announced the payment of a special dividend on June 14 and its stock has been rising since then. In the last five trading days, the stock has run up by nearly 180 percent. While the merger approval and the declaration of special dividends were already good news for its investors, it caught the fancy of many stock investing forums.
TRCH stock on Reddit
The company has moved to the top trending stock on Reddit subgroups like WallStreetBets and forums like Stocktwits. Retail investors have been responsible for catapulting many stocks higher by buying in unison. GameStop and AMC Entertainment are prime examples of this trend.
TRCH stock price prediction
While one analyst is covering the stock, the rating is more than a year old and doesn’t take into account any of the recent developments. Therefore, it doesn't make sense to rely on the rating for TRCH’s outlook.
How high can TRCH stock go?
After the meme crowd went after AMC Entertainment for the second time in May, any price prediction fell short. There isn't much fundamental basis for the stock surge after retail investors influenced by social media take to buying it. Therefore, it's difficult to say how high TRCH's price will go.
TRCH as a long-term investment
After the merger, Torchlight will sell its oil and gas assets and the company will basically be Metamaterial. Metamaterial designs and manufactures advanced materials and performance functional films that are engineered at the nanoscale to control light and other forms of energy.
TRCH stock is falling
TRCH stock is down 27 percent on June 23 as of 10:28 a.m. ET. The stock has fallen significantly after the company raised its stock offering program. TRCH said that it intends to raise an additional $150 million on top of a $100 million stock offering announced last week.
TRCH and Metamaterial merger
Torchlight is being acquired by industrial materials manufacturer Metamaterial in an agreement that experts predict will result in the sale or hive off of its core operations. On June 21, Torchlight said that it extended the merger closing date from June 24 to June 30 to allow time to pay a special dividend of preferred stock.
How high can TRCH stock go?
It’s difficult to predict how high TRCH stock can go in the short term because the stock price is driven by short squeezes and investor sentiments. Also, as we’ve witnessed with many stocks recently, all that's needed to skyrocket is a little momentum.
Signals & Forecast
The Torchlight Energy Resources stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
Torchlight Energy Resources finds support from accumulated volume at $4.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Torchlight Energy Resources stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
TRCH Stock at a Glance
Jan. 25, 2021, was an important day for Torchlight Energy. That’s the day when TRCH stock regained compliance with Nasdaq Exchange listing requirements.
Based in the Basin
Like many American oil companies, Torchlight is headquartered in the heart of Texas’s famous Permian Basin region, which itself comprises a number of petroleum-rich basins.
Eliminating Debt Burden
Let’s not kid ourselves: oil drillers are sometimes known for carrying heavy debt loads. Fortunately, Torchlight Energy does not appear to fall into that category.
The Takeaway
As you can see, Torchlight Energy is on the right track in eliminating its debt burden – something you can’t necessarily say about every other oil company.
How is it even worth it to study patterns and technical analysis when everything can just be super random
The swings over the past weeks have been completely random and I can spend a bit of time on technical analysis only to not have it hold up come trade day. I'm not frustrated, just dumbfounded because the set ups that were supposed to be there didn't even hold up.
This is how the Wall Street game works!
A place to discuss penny stocks freely. Please keep in mind that this is an open forum, and advice from Reddit may not be in your best interest. https://discord.gg/pennystocks
TOP COMMENT - WSB! TRCH ARMY!
My comment on WSB daily discussion board is now almost the top comment of today!!
Such a relief
I have been invested in AMC but recently heard about this stock and the merger and dividend deal. I found this group and seeing how chill and supporting everyone is here, is such a relief from what I see on the other stocks page.
META WILL BE THE INVESTMENT OF THE YEAR
Meta will surprise many that do not invest. It will be one stock that people will tell others that I had a chance to buy it so stupid cheap and I did not . But now I feel stupid for not really trying to understand how amazing the company would be . The only meta materials company on nasdag offering technology that will change the world.
Meta materials is the investment of the future
Do your research on Meta and you will find that this is the future investment that will make you rich. Because the technology that they will be bringing to the market are game changing inventions . They are the only Meta Materials company on the Nasdag. Riches come from patience and knowing what you hold in your hand.
LOOKING AT THE PAST FOR THE FUTURE
Smart people look back at the past... for one, they learn from mistakes; two, they learn from others’ successes.