what is trch stock

What is Torchlight energy resources (trch) stock?

Apr 14, 2022 · TRCH Torchlight Energy Resources — Stock Price and Discussion | Stocktwits. Torchlight Energy Resources NASDAQ Updated Apr 14, 2022 11:59 PM. TRCH 1.49 0.07 (4.49%) Post-Market 0.00 (0.00%) 39,419. Key Data. 52wk Low 1.38. 52wk High 18.40.

What's going on with trch stock?

Apr 08, 2022 · TRCH Torchlight Energy Resources — Stock Price and Discussion | Stocktwits. Torchlight Energy Resources NASDAQ Updated Apr 8, 2022 11:59 PM. TRCH 1.49 0.06 (3.87%) Post-Market 0.02 (1.34%) 39,475. Key Data. 52wk Low 1.38. 52wk High 18.40. Mkt Cap 452.85m.

What does trch’s merger with metamaterial mean for trch stock?

Torchlight Energy (TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28.On that date, the company will become Meta Materials and begin trading on Nasdaq with the MMAT ticker."We plan to continue our efforts related to our... Seeking Alpha | June 25, 2021

Which stocks are quantitatively similar to trch?

TRCH Stock Quotes API . Business Summary. Torchlight Energy Resources, Inc. is engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the United States. The Company holds interests in two oil and gas projects: the Marcelina Creek Field Development and the Coulter Field. ...

What happens TRCH stock?

And as a result, TRCH stock was replaced by MMAT stock. It's a huge change that goes deeper than stock tickers. Whereas Torchlight Energy Resources was an oil and gas exploration company operating out of Texas, Meta Materials develops functional materials and nanocomposites.Jul 26, 2021

What is TRCH stock prediction?

During the day the stock fluctuated 0% from a day low at $2.08 to a day high of $2.08....Predicted Opening Price for Torchlight Energy Resources of Wednesday, March 16, 2022.Fair opening price March 16, 2022Current price$2.08$2.08 (Undervalued)Mar 15, 2022

What kind of company is TRCH?

About Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields.Dec 14, 2020

How do I buy TRCH stocks?

Find the stock by name or ticker symbol – TRCH – and research it before deciding if it's a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.Aug 22, 2021

What are good tech stocks?

Technology Stocks to Buy Now According to Stanley DruckenmillerPalantir Technologies Inc. (NYSE:PLTR)Snap Inc. (NYSE:SNAP)Airbnb, Inc. (NASDAQ:ABNB)Booking Holdings Inc. (NASDAQ:BKNG)Carvana Co. ( NYSE:CVNA)4 days ago

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 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 TRXC?

Asensus Surgical , Inc. (NYSE American: TRXC) (formerly TransEnterix, Inc.), a medical device company that is digitizing the interface between the surgeon and patient to pioneer a new era of Performance-Guided...Mar 4, 2021

Who bought Torchlight?

Meta Materials Inc.The new company, Meta Materials Inc., will begin trading on the Nasdaq after Monday's opening bell under the ticker symbol MMAT. Torchlight stock closed at $4.95 a share Friday, and Meta Material stock was assigned a value of $9.90 prior to Monday's opening.Jun 28, 2021

Why did TRCH stock 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

Why is torchlight stock going up?

Shares of Torchlight Energy Resources ( TRCH ) soared 58% on Monday after the oil and gas driller extended the closing date of its merger with advanced materials manufacturer Metamaterial.Jun 21, 2021

Component Grades

TRCH POWR Grades

We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.

TRCH Stock Summary

Momentum is the dimension where TRCH ranks best; there it ranks ahead of 94.59% of US stocks.

TRCH Valuation Summary

For TRCH, its debt to operating expenses ratio is greater than that reported by merely 0.48% of US equities we're observing.

Barchart Technical Opinion

TRCH's EV/EBIT ratio is -92; this is 611.11% lower than that of the median Energy stock.

Business Summary

The Barchart Technical Opinion rating is a 96% Buy with a Strongest short term outlook on maintaining the current direction.

Signals & Forecast

Torchlight Energy Resources, Inc. is engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the United States. The Company holds interests in two oil and gas projects: the Marcelina Creek Field Development and the Coulter Field. Torchlight Energy Resources...

Support, Risk & Stop-loss

There are mixed signals in the stock today. The Torchlight Energy Resources stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

Is Torchlight Energy Resources stock A Buy?

Torchlight Energy Resources finds support from accumulated volume at $1.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Insiders are positive buying more shares than they are selling in Torchlight Energy Resources

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.

About Torchlight Energy Resources

In the last 100 trades there were 34.15 million shares bought and 3.82 million shares sold. The last trade was done 231 days ago by Graves Michael James who sold 110.01 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.

Golden Star Signal

Torchlight Energy Resources, Inc. engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States.

Top Fintech Company

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Torchlight merger with Metamaterial (MMAT)

featured in The Global Fintech Index 2020 as the top Fintech company of the country.

What is Torchlight Energy Resources?

Initially, Torchlight’s planned merger with Metamaterial was announced in September 2020. Part of Torchlight’s goal in the merger was stated as “targeting proven disruptive technology companies with strong environmental, social and governance (ESG) priorities,” according to John Brda, the chief executive of Torchlight.

TRCH meme stock

Torchlight is an oil and gas exploration and production company based in Plano, Tex. It focuses on the acquisition and development of domestic oil fields.

Can I buy Torchlight Energy Resources stock?

Recently, TRCH stock caught the attention of Reddit traders looking for a potential short squeeze target. Torchlight Energy Resources became somewhat of a meme stock as retail investors hyped up the stock before its merger was completed.

What Are Tech Stocks?

Now that Torchlight has effectively merged with Metamaterial, investors can buy shares of the combined company under the symbol "MMAT" on the Nasdaq. The new stock debuted on the Nasdaq on June 28.

Subcategories That Make up the Tech Sector

Tech stocks, a shortened term for technology stocks, represent companies within the technology sector. These companies lead the charge in terms of innovation, looking for answers to some of the biggest challenges consumers face today. For example:

Pros and Cons of Investing in Tech Stocks

The tech sector is vast and made up of several subcategories, including:

Where to Find Tech Stocks

Investing in tech stocks can be an exciting concept. Not only is it enjoyable to explore new technologies during your research into compelling investment opportunities, but the sector is known for generating significant gains when the right moves are made.

Tech-Focused ETFs Are a Compelling Option for Beginners

Tech stocks can be found at both of the major US stock exchanges, the Nasdaq and the New York Stock Exchange (NYSE). Nonetheless, the vast majority of quality tech companies you’ll find will be listed on the tech-heavy Nasdaq.

Final Word

If you’re a beginner investor or you simply don’t have the time to do the research it takes to pick stocks individually, you may want to look toward Nasdaq index funds, exchange-traded funds (ETFs), and mutual funds.

Why Torchlight stock is rising

Investing in the tech sector can be incredibly lucrative. However, the wrong moves in the sector can also lead to significant losses. As such, before making any investment in the space, it’s important to do your research.

Torchlight stock news

Torchlight Energy stock rose by 20.3 percent on March 11 and is marching higher in pre-market trading on March 12. While there are several reasons behind the stock’s recent surge, the one very potent catalyst remains the upcoming closure of the Torchlight-Metamaterial merger.

TRCH stock forecast

Lately, the outlook for non-renewable energy stocks hasn't been great. The shift in investor and consumer sentiment has caused many companies to relook their business strategies. The Biden administration’s green and clean energy-friendly stance has added fuel to the fire. The changing market sentiment has also led Torchlight to make the transition.

Torchlight Energy goes debt-free

According to Market Beat, TRCH stock is covered by just one Wall Street analyst with a hold rating. However, the rating from the analyst is one year old and doesn't take the latest developments into account. It doesn't make sense to rely on the rating for TRCH’s outlook.

Is TRCH a good stock to buy?

Torchlight Energy used to carry a lot of debt, like many other energy companies. However, since the definitive agreement with Metamaterial, the company has eliminated all of its debt. The company converted all of its debt into Torchlight common stock. This will also clear the blanket liens on two of its projects that were securing the debt. On Feb.