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";s:4:"text";s:20474:"Financial Performance. The merger will take place towards the end of March, potentially into April. Hold off, as its sell-off is likely far from over. Shares of Torchlight Energy Inc (TRCH.O) rose as much as 74% to a record high of $10.88 on Monday as it became one of the latest companies to grab the attention of retail investors. But what explained the tremendous trader interest in TRCH stock and now Meta Materials? Gives you the lowdown on the strategies you need to make money from the stock market without having to sit at a screen all day. Do NOT follow this link! After a series of delays, the deal is expected to finalized soon. Invest - Grow - Profit. 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. Before you run out and buy this stock, keep in mind it’s many years away from coming even close to this level of success. It could certainly work in due time, but Meta Materials will have to do a lot more than just have some interesting concepts to support its market capitalization. U.S. stock futures were flat Monday morning, as caution hit the market amid a spike in coronavirus cases in some of the key markets around the world. IP Magazine. Its operating business today isn’t generating much revenue. This is a continuation of momentum as the company stock price increased 58.21% yesterday, going from a previous close of $6.27 to $9.92. That’s all well and good. The extension provides time for the June 24, 2021 record date and the June 25th payment date of the special Series A Preferred Stock dividend, declared on … Torchlight Energy Resources Inc. [NASDAQ: TRCH] closed the trading session at $1.53 on 02/08/21. You can use them for many applications. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! For now? At a low enough price, it may be a worthwhile bet. Over the past year the S&P 500 is higher by 26.22% while TRCH is up 295.65%. The company holds interest in the Orogrande project in New Mexico and the Hazel project in Sterling, Tex. TRCH STOCK MERGER UPDATE – IN DEPTH EXPLANATION – WHAT HAPPENS NEXT WEEK. Ahead of the open, Dow futures had risen 0.3%, while Nasdaq and S&P 500 futures were trading 0.1% higher at the time of writing. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Get the latest stock news for Nasdaq companies, press releases, financial disclosures and multimedia content, for day traders, investment community, individual investors and the general public. The company merged with Meta Materials (NASDAQ:MMAT) and it now trades as MMAT stock. This, not surprisingly, attracted a bunch of short-sellers, given Torchlight’s uneven track record as an oil and gas company. TRCH Quick Squeeze History within the Making (Breaking News⚠️) MERGER PREDICTIONS admin 2021-09-18 10 Comments TRCH has heaps of hypothesis that the CEO of META has been planning to quick squeeze TRCH all alongside! With her signature mix of insight, compassion, and practical advice, Suze equips women with the financial knowledge and emotional awareness to overcome the blocks that have kept them from acting in the best interest of their money—and ... Stock market Insights & financial analysis, including free earnings call transcripts, investment ideas and ETF & stock research written by finance experts. Today we have another update from TRCH on the upcoming merger! Why Torchlight Energy Stock Tanked 18% at the Open Today The energy company provided an update on a complicated merger. Breaking News 2021-04-08 The Wolf of Wall Street Bets – Interview with Jordan Belfort 2021-04-14 The Silverback of AMC – Interview w/ AMC CEO Adam Aron 2021-06-03 Adam Aron Interview – Pt. Stocks that are quantitatively similar to TRCH, based on their financial statements, market capitalization, and price volatility, are. 185,000 People Hope So as SHIB Crypto Rallies. PLANO, TX / ACCESSWIRE / June 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021.Torchlight also announced that it … Reuben Gregg Brewer | … 2 2021-06-02 AMC Live – The Mother of all Gamma Squeezes – Treyders Podcast 78 … Intangíveis. 12 2021, updated 10:32 a.m. 1885 rows about the torchlight energy resources, inc. Found insideTo support this need, the authors are donating the royalties received from the sale of this book to fund education and retraining programs focused on developing fusion skills for the age of artificial intelligence. Then TRCH announced the sale of $100 million worth of its stock. May 7, 2021 - 3:30 pm. If you bought this company to participate in the TRCH stock short squeeze, it’s probably time to move on. Search for: Breaking News. TRCH Price Action: Torchlight Energy has traded as high as $10.88 and as low as 21 cents over a 52-week period. This points to the stock having plenty of room to fall before it’s no longer overvalued. 185,000 People Hope So as SHIB Crypto Rallies. However, Hazel didn’t end up striking it rich, and Torchlight looked to exit the oil and gas business. Summary. Merger doesn’t take place on the 12th. 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. Source: Minerva Studio / Shutterstock.com Investimentos. Global M&A. We’ve had hundreds of SPACs launch in recent years, and they’re desperate to find solid deals in the clean energy and autonomous vehicle spaces. Shares of oil and gas producer Torchlight Energy Resources TRCH rallied more than 200% over the past month to close the last trading session at $7.00. All rights reserved. Then on Monday, Torchlight said it was extending closing its merger with Metamaterial to June 30 from June 24 to allow time to spay the special Series A preferred stock dividend. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. Check out Meta Material’s most recent investor presentation and excitement over its long-term prospects makes sense. Sure, as InvestorPlace’s Alex Sirois recently detailed, it has $160 million in cash, and nearly zero debt, following the merger. Home Legal. As you likely know, last month saw a mad dash into heavily shorted stocks, as retail traders tried to get in early on the next AMC Entertainment (NYSE:AMC) or GameStop (NYSE:GME). Will Robinhood List Shiba Inu? Provides a brief overview on starting to invest and making savings plans for retirement for twenty-somethings. Many businesses […]. 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. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Others are likely holding the bag, hoping for a recovery. 7 High-Yield Dividend Stocks That Will Please Any Income Lover, ChargePoint Stock Deserves to Double from Here, ARBK Stock: 9 Things to Know as Argo Blockchain Starts Trading Today, 7 Cryptos to Keep Under Scrutiny Following the Evergrande News. I was actually pretty sure about this one before I made made myself known to anyone on Reddit. The Dow Jones Industrial Average futures was down 0.15%, Nasdaq Futures up 0.17% and S&P 500 down 0.03% at the time of writing, pointing to a cautious open later in the day. 0. TRCH is up $0.19 from the previous closing price of $2.54 on volume of 16,189,695 shares. ... News Mergers and Acquisitions. Twitter. In December 2020, Torchlight Energy Resources and Metamaterial had announced a definitive agreement was signed for a business combination. 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 Metamaterial. With many applications for its technology, the company has big opportunities across many sectors. News. Well guys I hope you liked this video let me know what you think about TRCH in the comment section below. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. The initial public offering (IPO) market has been strong this year. Copyright © 2021 InvestorPlace Media, LLC. June 25, 2021 - 4:35 pm. If Meta Materials is pricey now, what’s a reasonable valuation? **Winner of the Financial Times and Goldman Sachs Business Book of the Year Award** 'Brad Stone's definitive book on Amazon and Bezos' The Guardian 'A masterclass in deeply researched investigative financial journalism . . . riveting' The ... Mostly, its potential as a short-squeeze play. $2.7 per share with bullish signs 5d ago, source: 1 share of trch becomes 0.25 shares of merged company. Investors appear to be responding to rumors about the company working with Tesla. The strongest trend for TRCH is in Momentum, which has been heading up over the past 166 days. Metamaterials (MMAT) META TRCH STOCK MERGER UPDATE (HUGE POTENTIAL) **MUST WATCH** By Roberto Martins. Article printed from InvestorPlace Media, https://investorplace.com/2021/07/after-torchlight-merger-wait-and-see-mmat-stock/. However, since then, the stock has declined by 24 percent. When is the TRCH-Metamaterial merger date? On May 7, Torchlight put out a press release saying that a special meeting for the vote on the merger will be held virtually on June 11. Found insideIn our era of rising nationalism and increased skepticism about globalization's benefits, The New Global Road Map delivers the definitive guide on how to compete profitably across borders. For the past three months, TRCH stock has advanced by 333.19%, while over the past six months; it has declined by 2059.34%. It is also quite big news that Panasonic is literally taking all the stake it had in it's (likely) soon to be previous partner. After its reverse merger with Torchlight Energy, what’s next for Meta Materials (NASDAQ:MMAT) stock? 0. Found inside – Page iBut much has changed—in both the ETF marketplace and the general investment environment—since that time. 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