Break Out Ahead? Torchlight Energy Resources (OTCMKTS:TRCH)

Torchlight Energy Resources (OTCMKTS:TRCH) stock is up a bit in the opening session on Wednesday. The stock has seen higher highs and higher lows in the past 5 weeks with a jump of 65%. The stock has more than tripled since the beginning of this year.

Market Action

As of 10:41, TRCH stock has moved up by 0.40% at $2.30. Total volume was 1.10 million, below its average volume of 10.78 shares.  The stock opened at $2.29 and moved in a range of $2.2800 – 2.3700.

TRCH Released News Tuesday

Update on Proxy Solicitation for Special Meeting of Stockholders for Metamaterial Transaction

  • announced that stockholders representing 46% of the Torchlight shares eligible to vote at the special meeting to be held on June 11, 2021 in connection with the previously announced business combination transaction with Metamaterial, Inc. (the “Arrangement”) have already voted their shares.
  • The record date for the special meeting was May 5, 2021 (the “Record Date”), and only stockholders of record as of the Record Date are entitled to vote at the special meeting. This announcement is a reminder that stockholders of record as of the Record Date who have received a control number can vote their shares online at Eligible stockholders can also vote by mail or by phone.
  • Torchlight stockholders who hold their shares through a broker and have not received an email or other communication from their broker with information on how to vote their shares may contact their brokerage for that information.

Stock Performance

5-DAY PERF.+10.05%
1-MONTH PERF.+10.58%
3-MONTH PERF.-7.26%
6-MONTH PERF.+538.89%
YTD PERF.+228.57%
1-YEAR PERF.+559.03%

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