June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ
NASDAQ
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What happened to trch stock after the merger vote?
Following TRCH’s press release on the merger vote finally happening, its stock rose by 11 percent on May 7. As of the close on June 8, the stock price had climbed by nearly 70 percent since the closing price on May 6. The stock price has factored in a lot of upside already.
Is trch stock up 42% on Monday?
TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. Of course, there’s plenty more stock market news worth looking into today besides just this.
What happened to Torchlight Energy’s trch stock?
By Kathryn Underwood Jun. 29 2021, Published 1:58 p.m. ET Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. official. For those who were invested in TRCH stock, the company also announced a dividend and a one-for-two reverse stock split in the same press release.
Is trch stock a potential short squeeze target?
It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend. Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today. As of this writing, more than 225 million shares of TRCH stock have changed hands.
Who bought TRCH stock?
Meta Materials Inc.(NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)
Is TRCH still trading?
Warning: This security is no longer trading. Torchlight Energy Resources merged with Meta Materials (MMAT) in June 2021.
Is TRCH stock a good buy?
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.
Is TRCH going to go up?
Technical analysis forecast of Torchlight Energy Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Torchlight Energy TRCH at this time. Stock is rising and might rise more.
What happens to my TRCH stock after merger?
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. It's a huge change that goes deeper than stock tickers.
Is TRCH being shorted?
Find powerful squeezes happening now!...TRCH (NASDAQ)Short Squeeze Ranking™viewDaily Naked Short Selling ListviewShort Interest (Shares Short)0Short Interest Ratio (Days To Cover)Short Percent of Float%3 more rows
How much is the TRCH dividend?
Investors that are wondering how much the dividend will payout still don't have any concrete details. However, analysts are expecting to range from anywhere between $1 per share and $20 per share.
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...•
How many shares of TRCH are there?
DateTRCH Shares Outstanding8/9/201973.68M11/8/201974.26M3/16/202079.97M6/5/202086.22M43 more rows
What is the price target for MMAT?
Meta Materials Inc (NASDAQ:MMAT) The 2 analysts offering 12-month price forecasts for Meta Materials Inc have a median target of 2.88, with a high estimate of 3.50 and a low estimate of 2.25. The median estimate represents a +139.58% increase from the last price of 1.20.
How much cash is MMAT?
Compare MMAT With Other StocksMeta Materials Annual Cash on Hand (Millions of US $)2018$12017$12016$22015$18 more rows
Who did torchlight merge with?
Metamaterial IncIn a reverse takeover to list on the Nasdaq and access the U.S. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. The deal includes plans to divest the legacy energy assets.