![]() Most energy stocks are higher today, but the trading action in Torchlight has long since been detached from fundamentals just last month, the company said sustained losses had raised "substantial doubt" about its ability to remain a going concern.The company also has been part of a complex merger process that has been delayed several times, the latest announced on Monday.Reddit commentary has caused wild swings in the stock, starting the week touting Torchlight as a potential short squeeze. Torchlight Energy Resources (NASDAQ: TRCH) stock is on the rise today after providing an update to investors about its merger plans with Metamaterial. ![]() Press Release: Torchlight Energy : MMAT DEADLINE ALERT: ROSEN. For those who were invested in TRCH stock, the. Torchlight Energys primary competitors include Imola Oil And Gas, Americas Petrogas. Additionally, the company confirmed that its preferred dividend will be paid out on June. Torchlight Energy Resources announced on June 25 that it completed the necessary steps to make its merger with Meta Materials, Inc. Through Monday, Torchlight shares had soared 1,317% YTD to an all-time high $10.88 now, they're struggling to stay above $5. Torchlight announced earlier this week the company is extending its merger combination date to June 30.The price has been chopped nearly in half since Torchlight said after Monday's close that it was upsizing its stock offering to $250M from the $100M it planned previously. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Torchlight Energy Resources against related.This means the bullish number of hedge fund. The all time high for this statistic is 1. Get the latest stock news for Nasdaq companies, press releases, financial disclosures and multimedia. The bloom may be off the rose for meme stock Torchlight Energy ( TRCH -28%), plunging nearly 30% and following a similar rout yesterday after it upsized its stock offering to $250M. (NASDAQ: TRCH) was in 4 hedge funds' portfolios at the end of March. Torchlight Energy Resources Inc - TRCH stock news.
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