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. Torchlight now exists under the new name Metamaterials and a new stock ticker symbol (MMAT)—a change that became effective on June 28.
What happened to Torchlight Energy’s trch stock?
Jun 29, 2021 · 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...
Why is Torchlight energy resources a meme stock?
Jul 14, 2021 · 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...
Why are big tech stocks losing ground?
Jun 21, 2021 · What happened Shares of Torchlight Energy Resources (NASDAQ: TRCH) soared 58% on Monday after the oil and gas driller extended the closing date of its merger with advanced materials manufacturer...
Why are tech stocks plummeting?
Who is TRCH merging with?
Meta Materials Inc.(NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)Jul 21, 2021
What happens to Torchlight stock after merger?
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 13, 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
What happened to my torch light stock?
Commencing on June 28, 2021 Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT." Prior to the implementation of the reverse stock split, it was expected that Metamaterial, Inc.Jun 25, 2021
What is TRCH new symbol?
Commencing on June 28, 2021 Torchlight's name will be changed to "Meta Materials Inc." and its common stock will begin trading on NASDAQ under the ticker symbol "MMAT."Jun 25, 2021
Did Torchlight pay its dividend?
Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split.Jun 28, 2021
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 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
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
Is Torchlight stock worth buying?
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
What are good tech stocks?
10 Technology Stocks to Invest in According to Billionaire Paul Tudor JonesServiceNow, Inc. (NYSE:NOW) ... Amazon.com, Inc. (NASDAQ:AMZN) ... NVIDIA Corporation (NASDAQ:NVDA) Tudor Investment Corp's Stake Value: $14.7 million. ... Snowflake Inc. (NYSE:SNOW) ... Cloudflare, Inc. (NYSE:NET)4 days ago
What is meta materials?
Meta Materials is a company that develops functional materials and nanocomposites. Torchlight Energy Resources was an oil & gas exploration firm that operated in Texas.
What is Senseonics diabetes?
Senseonics is a diabetes management firm that is progressing toward the commercialization of an implantable glucose monitor. The difference is that Meta Materials’ solution is non-invasive. Senseonics, like Meta Materials, realized a significant loss in Q1.
What is torchlight on Reddit?
Some of these traders are hoping to ignite a short squeeze by driving up the stock's price and forcing short-sellers to exit their positions. Their goal is to cause so much pain for short-sellers that they rush to buy back the shares they shorted, which could help accelerate the steep rise in the stock's price.
Who is the Motley Fool?
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.
