How to buy Torchlight Energy Resources stock

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 0.00.

Torchlight Energy Resources share price

Use our graph to track the performance of TRCH stocks over time.

Torchlight Energy Resources shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$0.21 - $4.83
50-day moving average	$1.97
200-day moving average	$1.27
Wall St. target price	$2.70
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.07

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Is it a good time to buy Torchlight Energy Resources stock?

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.

Technical Analysis of Torchlight Energy Resources, Inc by TradingView

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.

Torchlight Energy Resources financials

Revenue TTM	$193,379
Gross profit TTM	$4,898
Return on assets TTM	-7.4%
Return on equity TTM	-92.25%
Profit margin	0%
Book value	$0.12
Market capitalisation	$228.4 million

TTM: trailing 12 months

Shorting Torchlight Energy Resources shares

There are currently 16.8 million Torchlight Energy Resources shares held short by investors – that's known as Torchlight Energy Resources's "short interest". This figure is 24.3% up from 13.5 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)

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 17.3 million). Torchlight Energy Resources's SIR currently stands at 0.97. In other words for every 100,000 Torchlight Energy Resources shares traded daily on the market, roughly 970 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 0.12% of the outstanding shares (for every 100,000 Torchlight Energy Resources shares in existence, roughly 120 shares are currently held short) or 0.1296% of the tradable shares (for every 100,000 tradable Torchlight Energy Resources shares, roughly 130 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.

Torchlight Energy Resources share dividends

We're not expecting Torchlight Energy Resources to pay a dividend over the next 12 months.

Have Torchlight Energy Resources's shares ever split?

Torchlight Energy Resources's shares were split on a 4:1 basis on 14 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.

Torchlight Energy Resources share price volatility

Over the last 12 months, Torchlight Energy Resources's shares have ranged in value from as little as $0.2111 up to $4.83. 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 2.0226. 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 overview

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, 2020, it had interests in three oil and gas projects, including the Orogrande project in Hudspeth County, Texas; the Hazel project in Sterling, Tom Green, and Irion Counties, Texas; and the Hunton wells in partnership with Kodiak Ventures in central Oklahoma. The company was founded in 2010 and is headquartered in Plano, Texas. .

Frequently asked questions

• What percentage of Torchlight Energy Resources is owned by insiders or institutions?

  Currently 13.508% of Torchlight Energy Resources shares are held by insiders and 4.895% by institutions.

• How many people work for Torchlight Energy Resources?

  Latest data suggests 4 work at Torchlight Energy Resources.

• When does the fiscal year end for Torchlight Energy Resources?

  Torchlight Energy Resources's fiscal year ends in December.

• Where is Torchlight Energy Resources based?

  Torchlight Energy Resources's address is: 5700 West Plano Parkway, Plano, TX, United States, 75093

• What is Torchlight Energy Resources's ISIN number?

  Torchlight Energy Resources's international securities identification number is: US89102U1034

• What is Torchlight Energy Resources's CUSIP number?

  Torchlight Energy Resources's Committee on Uniform Securities Identification Procedures number is: 731100103