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Torchlight Energy Resources, Inc is an oil & gas e&p business based in the US. Torchlight Energy Resources shares (TRCH) are listed on the NASDAQ and all prices are listed in US Dollars. Torchlight Energy Resources employs 4 staff and has a trailing 12-month revenue of around USD$319,028.
|Latest market close||USD$1.29|
|52-week range||USD$0.21 - USD$1.36|
|50-day moving average||USD$0.6179|
|200-day moving average||USD$0.3776|
|Wall St. target price||USD$2.7|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.07|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-06)||N/A|
|1 month (2020-12-13)||N/A|
|3 months (2020-10-13)||N/A|
|6 months (2020-07-13)||N/A|
|1 year (2020-01-13)||N/A|
|2 years (2019-01-13)||N/A|
|3 years (2018-01-13)||N/A|
|5 years (2016-01-13)||N/A|
|Gross profit TTM||USD$294,938|
|Return on assets TTM||-12.19%|
|Return on equity TTM||-78.23%|
|Market capitalisation||USD$127.5 million|
TTM: trailing 12 months
There are currently 6.7 million Torchlight Energy Resources shares held short by investors – that's known as Torchlight Energy Resources's "short interest". This figure is 11.2% up from 6.0 million last month.
There are a few different ways that this level of interest in shorting Torchlight Energy Resources shares can be evaluated.
Torchlight Energy Resources's "short interest ratio" (SIR) is the quantity of Torchlight Energy Resources shares currently shorted divided by the average quantity of Torchlight Energy Resources shares traded daily (recently around 6.5 million). Torchlight Energy Resources's SIR currently stands at 1.02. In other words for every 100,000 Torchlight Energy Resources shares traded daily on the market, roughly 1020 shares are currently held short.
However Torchlight Energy Resources's short interest can also be evaluated against the total number of Torchlight Energy Resources shares, or, against the total number of tradable Torchlight Energy Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Torchlight Energy Resources's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Torchlight Energy Resources shares in existence, roughly 70 shares are currently held short) or 0.0796% of the tradable shares (for every 100,000 tradable Torchlight Energy Resources shares, roughly 80 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Torchlight Energy Resources.
Find out more about how you can short Torchlight Energy Resources stock.
We're not expecting Torchlight Energy Resources to pay a dividend over the next 12 months.
Torchlight Energy Resources's shares were split on a 4:1 basis on 15 December 2010. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Torchlight Energy Resources shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for Torchlight Energy Resources shares which in turn could have impacted Torchlight Energy Resources's share price.
Over the last 12 months, Torchlight Energy Resources's shares have ranged in value from as little as $0.21 up to $1.36. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Torchlight Energy Resources's is 2.6119. This would suggest that Torchlight Energy Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Torchlight Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. As of December 31, 2019, it had interests in four oil and gas projects, including the Orogrande project in Hudspeth County, Texas; Hazel project in Sterling, Tom Green, and Irion Counties, Texas; Winkler project in Winkler County, Texas; and Hunton wells in partnership with Husky Ventures in central Oklahoma. The company was founded in 2010 and is headquartered in Plano, Texas.
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