2/11/2024 0 Comments Torchlight energy resources newsBrda from the corporate headquarters at 5700 West Plano Parkway.įor more information on TRCH and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today.Īll data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. The company’s 6 employees are led by CEO John A. Torchlight Energy Resources Inc, through its subsidiaries, engaged in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Technical traders will take note that at $1.24, shares of TRCH" target="_new"> TRCH are trading above their 200-day MA at $0.97 and above their 50-day MA at $1.11. In the past 52 weeks, shares of TRCH" target="_new"> TRCH have traded as low as $0.42 and as high as $1.75. It also means that TRCH has a price-to-book ratio of 10.72:1 and a price-to-earnings ratio of :1. The share appreciation gives the company a market capitalization of $64.9 million based upon 54.09 million shares outstanding. The price is currently below the 30-day volume weighted average price of $1.24 for TRCH" target="_new"> TRCH. Today's quick advance has come with about 53,476 shares changing hands, compared to an average 30-day volume of 364,820 for Torchlight Energy Resources Inc. It’s early, but the stock has traded as high as $1.26 and as low as $1.23 so far. ![]() ![]() Shares of TRCH" target="_new"> TRCH have climbed 3.33% about 30 minutes into the session to $1.24 after closing the day prior at $1.2. ( TRCH" target="_new"> TRCH) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on January 10.
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