Torchlight shares climbed 23 cents mid-morning Friday, or 4.8%, to $4.98. And certainty could definitely be a good thing for TRCH investors right now. With the deal expected to close at the end of the month, investors now have certainty with this deal. Additionally, the company confirmed that its preferred dividend will be paid out on June 25. Torchlight announced earlier this week the company is extending its merger combination date to June 30. At least, according to what the market believes it’s worth. TRCH is likely trading where it should be. JOB LOT 12 x 1935 MODEL RAILWAY NEWS MAGAZINE CLOCKWORK STEAM ELECTRIC TRAIN 15. Without this $1-$20 extraneous valuation bump, Thus, most of the recent volatility investors have seen in TRCH is related to this company trading ex-dividend the past few days. That said, a massive range of between $1 per share and $20 per share has been discussed. The range of what this dividend could be appears to be still up in the air. This dividend will be paid out to shareholders of record, as of June 22.
#Torchlight energy stock news series#
This combination of meme stock hysteria and merger excitement helped drive this stock in recent weeks.Īdditionally, as a result of the merger, Torchlight announced investors will receive a special dividend of its Series A Preferred Stock. Indeed, retail investors have jumped on this stock prior to the announcement, spurring additional interest in Torchlight. Shareholders approved the deal on June 11, and Torchlight is set to become a much larger entity in short order as a result. The company’s highly touted merger with Metamaterial has driven most of the excitement in this stock. And many of the reasons for this volatility appear to still exist, painting a rather interesting picture for how this stock will perform over the near term.
On June 25, 2021, Torchlight Energy Resources, Inc 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.
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Special Series A Preferred Stock dividend and 1:2 stock split. (TRCH) stock price, charts, trades & the US's most popular discussion forums. However, this kind of volatility is stomach-churning. Let’s discuss its recent news and developments briefly. Now, investors who have held through this uncertainty are still up. Shares went from around $3.50 to nearly $11, falling back down to the $5 level of late. Since mid-June, shares of TRCH stock have been on an absolute rollercoaster ride. Torchlight Energy (NASDAQ:TRCH) has taken its investors on a wild ride over the last little while, but Friday, the ride pointed skyward.
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