Why Torchlight Stock Is Blazing Higher Today

Benzinga

2021-06-21

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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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