Why Torchlight Stock Is Blazing Higher Today

Benzinga2021-06-21

Torchlight Energy Resources Inc TRCH is trading significantly higher Monday morning after the company provided an update on its proposed business combination withMetamaterial IncMMATF.

What Happened: The two companies announced an agreement to extend the date by which Torchlight and Metamaterial must close their business combination transaction to June 30.

The extension provides time for the record and payment dates of the special stock dividend to occur. The payment date for the special stock dividend will be June 25.

Price Action: Torchlight has traded as low as 21 cents over a 52-week period. The oil and gas exploration company is making a new 52-week high in premarket trading today.

At last check Monday, the stock was up 39.40% at $8.74.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Tyngster
2021-06-22
Tyngster
👍🏻
DeEn
2021-06-22
DeEn
Smsm
Tracylibra
2021-06-21
Tracylibra
现在卖吗？
Connieyu
2021-06-21
Connieyu
Cool
Watercloset
2021-06-21
Watercloset
Like and comment [Smile]
- Lewis1983:
  Sure
Turtlebizkit
2021-06-21
Turtlebizkit
Missed it again... [Spurting]

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