12/31/2023 0 Comments Torchlight energy resources newsBacktested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. How Come Petco Health and Wellness Company (WOOF) Stock Is Rallying Today? Continue Readingĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Moderna Submits Authorization Application for Use of COVID-19 Vaccine in Swiss Adolescents Torchlight Energy scores a 6 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock is likely to perform in line with market averages.ĬontextLogic Inks Partnership Deal with PrestaShop Shares Pop 12.7% (See Torchlight Energy stock chart on TipRanks) These reasons seem to have charmed investors and have contributed to the surge in the share price. The Metamaterial deal is expected to close before the end of this month. Per the deal, Metamaterial shareholders are expected to own 75% of the combined company, while Torchlight shareholders will hold the remaining 25%. On June 11, Torchlight announced that the merger with the maker of advanced materials, Metamaterial, has been approved by Torchlight shareholders. On June 14, Torchlight announced a special dividend of Series A Preferred Stock which would be issued on a one-for-one basis to common shareholders of record as of June 24. Torchlight has been one of the most-mentioned stocks on StockTwits recently, and that enthusiasm among the traders appears to be sending its price higher. Over the past month, the stock has skyrocketed over 135% and is up a whopping 1,107% over the past year. Torchlight Energy is an oil and gas Exploration and Production (E&P) company with a market cap of approximately $950 million. Shares of Torchlight Energy Resources ( TRCH) surged 41.6% to close at $5.07 on June 15.
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