TRCH - Torchlight Energy Resources, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
1.08
+0.06 (+5.88%)
At close: 4:00PM EDT
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Previous Close1.02
Open1.04
Bid0.85 x 800
Ask1.08 x 38500
Day's Range1.02 - 1.08
52 Week Range0.86 - 1.51
Volume155,564
Avg. Volume221,900
Market Cap75.667M
Beta2.56
PE Ratio (TTM)N/A
EPS (TTM)-0.03
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.75
Trade prices are not sourced from all markets
  • GlobeNewswirelast month

    Torchlight Provides Update on Its Orogrande Project

    Torchlight Energy Resources, Inc. (TRCH) ("Torchlight" or the "Company"), today provided an operational progress update on its Orogrande Basin Project. Dual Lift Gas System:  The Company’s Operator on the Orogrande Project, Maverick Operating, has successfully installed the gas lift system into the University Founders A25 1H wellbore.  The system is designed to assist in the movement of fluids out of the lateral portion of the wellbore, which has been hindered to date due to the high gas content of sections in the heel of the well.   This well will be tested over the next sixty days to determine what level of fluid recovery potential exists. Subsequent Wells:  The Company and its partner, Wolfbone Investments, plan to drill two additional wells this year and three in 2019.  With this plan in mind, the company has identified two vertical well locations that it plans on drilling to test shallower vertical targets.  These targets will fulfill drilling commitments required under agreement with University Lands and if proven up, could add substantial value to the Project.  Several shallow targets that show potential oil and gas of sufficient quality to be tested exists on well logs and core samples from previous wells Torchlight drilled in addition to the wells drilled by Trail Mountain.  Torchlight has slated initial work on the next wells to begin in October.

  • GlobeNewswire2 months ago

    Streetwise Reports Examines a New Texas Oil Discovery by a Tiny Company

    New oil and gas field discoveries in the U.S. are rare, but a tiny oil and gas exploration company, Torchlight Energy Resources Inc. (TRCH:NASDAQ), has pulled it off in the Orogrande Basin in West Texas. On July 25, the company announced that it is producing "significant hydrocarbons" from University Founders A25 #1 well. Company mentioned: Torchlight Energy Resources Inc.

  • GlobeNewswire2 months ago

    Torchlight Announces Production From Successful Horizontal Well Completion in Its Orogrande Project

    Orogrande Basin to Be Designated as A New Field Discovery. PLANO, Texas, July 26, 2018-- Torchlight Energy Resources, Inc., today announced that the Company’ s Orogrande Project has begun to produce significant ...

  • Marketwired5 months ago

    Torchlight Energy Successfully Delivers Stimulation on First Horizontal Well in the Orogrande Project

    PLANO, TX--(Marketwired - April 30, 2018) - Torchlight Energy Resources, Inc. (TRCH) ("Torchlight" or the "Company"), today announced that stimulation of the Penn formation has been successfully completed on the University Founders A25 #1H horizontal well in the Orogrande Project. "We are very pleased that all six stages of the stimulation were delivered according to plan," stated John Brda, CEO of Torchlight Energy. Matrix fracture stimulation was accomplished, and we believe this to be a first in the Orogrande Basin.

  • Marketwired5 months ago

    Torchlight Energy Resources, Inc. Announces Closing of Underwritten Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares

    PLANO, TX--(Marketwired - April 23, 2018) - Torchlight Energy Resources, Inc. (TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $1.15 per share, including 750,000 shares sold pursuant to the underwriter's exercise in full of its option to purchase additional shares. The net proceeds to Torchlight Energy Resources, Inc., after deducting the underwriting discounts and commissions and estimated offering expenses payable by Torchlight Energy Resources, Inc., were approximately $6.0 million. Torchlight Energy Resources, Inc. intends to use the net proceeds from the offering primarily to meet its drilling obligations at its Hazel Project and Orogrande Project and for general corporate purposes.

  • Torchlight Energy Resources Inc (NASDAQ:TRCH): What Does It Mean For Your Portfolio?
    Simply Wall St.5 months ago

    Torchlight Energy Resources Inc (NASDAQ:TRCH): What Does It Mean For Your Portfolio?

    For Torchlight Energy Resources Inc’s (NASDAQ:TRCH) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. The betaRead More...

  • Marketwired5 months ago

    Torchlight Energy Resources, Inc. Prices Underwritten Public Offering of Common Stock

    PLANO, TX--(Marketwired - April 19, 2018) - Torchlight Energy Resources, Inc. (TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $1.15 per share. Torchlight Energy Resources, Inc. has also granted to the underwriter a 30-day option to acquire an additional 750,000 shares to cover over-allotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by Torchlight Energy Resources, Inc., it expects to receive net proceeds of approximately $5.37 million, assuming no exercise of the over-allotment option.

  • Marketwired5 months ago

    Torchlight Energy Resources, Inc. Announces Proposed Public Offering of Common Stock

    Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced that ...

  • Marketwired5 months ago

    Torchlight Energy Sets Frac Date on Orogrande Horizontal

    Torchlight Energy Resources, Inc. , today announced that the fracture stimulation date has been set on the University Founders A25 #1H well in the Orogrande project for April 23rd. Cudd Energy Services......

  • Torchlight Energy Resources Inc (NASDAQ:TRCH): Has Recent Earnings Growth Beaten Long-Term Trend?
    Simply Wall St.5 months ago

    Torchlight Energy Resources Inc (NASDAQ:TRCH): Has Recent Earnings Growth Beaten Long-Term Trend?

    When Torchlight Energy Resources Inc (NASDAQ:TRCH) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what isRead More...

  • Marketwired5 months ago

    Torchlight Energy Announces Plan to Market Midland Basin Assets

    Torchlight Energy Resources, Inc. , today announced that the Board of Directors has engaged ROTH Capital Partners to conduct the process of marketing the Company's Midland Basin Assets also known as the......

  • Marketwired6 months ago

    Torchlight Energy Announces Participation at Upcoming Investor Conferences

    Torchlight Energy Resources, Inc. , today announced that John Brda, CEO of Torchlight, will present at the following investor conferences in April 2018.Oil & Gas Investment Symposium ...

  • Marketwired7 months ago

    Torchlight Energy to Participate at the 30th Annual ROTH Conference

    Torchlight Energy Resources, Inc. , today announced that John Brda, CEO of Torchlight, will attend and conduct one-on-one meetings at the 30th Annual ROTH Conference.30th Annual ROTH Conference Dates:......

  • Does Torchlight Energy Resources Inc’s (NASDAQ:TRCH) CEO Salary Reflect Performance?
    Simply Wall St.7 months ago

    Does Torchlight Energy Resources Inc’s (NASDAQ:TRCH) CEO Salary Reflect Performance?

    John Brda is the CEO of Torchlight Energy Resources Inc (NASDAQ:TRCH), which has recently grown to a market capitalization of US$73.46M. Understanding how CEOs are incentivised to run and growRead More...

  • Marketwired7 months ago

    Torchlight Announces Reaching Total Depth on Its first Horizontal Test Well in the Orogrande Basin

    Torchlight Energy Resources, Inc. , today announced that its University Founders A25 1H well has reached total depth with a 1000-foot lateral leg in the primary pay zone from a 5500-foot vertical depth.......

  • Who Are The Top Investors In Torchlight Energy Resources Inc (NASDAQ:TRCH)?
    Simply Wall St.7 months ago

    Who Are The Top Investors In Torchlight Energy Resources Inc (NASDAQ:TRCH)?

    Today, I will be analyzing Torchlight Energy Resources Inc’s (NASDAQ:TRCH) recent ownership structure, an important but not-so-popular subject among individual investors. A company’s ownership structure is often linked to itsRead More...

  • Marketwired7 months ago

    Torchlight Announces Private Placement of $4.5 Million in Unsecured Promissory Notes

    Torchlight Energy Resources, Inc. , today announced the closing of $4.5 million in unsecured 12% promissory notes through a private placement. The promissory notes bear interest at the rate of 12% per......

  • Marketwired8 months ago

    Torchlight Energy to Participate at the Noble Financial 14th Annual Investor Conference

    Torchlight Energy Resources, Inc. , today announced that management will present at the NobleCON14 Annual Small Cap & Emerging Growth Investor Conference on Tuesday, January 30, 2018.NobleCON14...

  • What Investors Should Know About Torchlight Energy Resources Inc’s (NASDAQ:TRCH) Financial Strength
    Simply Wall St.8 months ago

    What Investors Should Know About Torchlight Energy Resources Inc’s (NASDAQ:TRCH) Financial Strength

    Torchlight Energy Resources Inc (NASDAQ:TRCH) is a small-cap stock with a market capitalization of $72.86M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...

  • Marketwired8 months ago

    Torchlight Reaches Vertical Total Depth in Orogrande Well and Moves to Horizontal Section

    Torchlight Energy Resources, Inc. , is pleased to announce the pilot hole of the University Founders A25 well in Orogrande has reached a vertical total depth of 5900 feet. Imaging, rock properties and......

  • Can Torchlight Energy Resources Inc (NASDAQ:TRCH) Improve Your Portfolio Returns?
    Simply Wall St.8 months ago

    Can Torchlight Energy Resources Inc (NASDAQ:TRCH) Improve Your Portfolio Returns?

    If you are looking to invest in Torchlight Energy Resources Inc’s (NASDAQ:TRCH), or currently own the stock, then you need to understand its beta in order to understand how itRead More...

  • Was Torchlight Energy Resources Inc’s (NASDAQ:TRCH) Earnings Growth Better Than The Industry’s?
    Simply Wall St.9 months ago

    Was Torchlight Energy Resources Inc’s (NASDAQ:TRCH) Earnings Growth Better Than The Industry’s?

    Assessing Torchlight Energy Resources Inc’s (NASDAQ:TRCH) performance as a company requires looking at more than just a years’ earnings data. Below, I will run you through a simple sense checkRead More...