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TORCHLIGHT ENERGY RESOURCES

(TRCH)
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Torchlight Energy Resources : shares surge 74% in latest meme stock rally

06/21/2021 | 10:06am EDT

June 21 (Reuters) - Shares of Torchlight Energy Inc rose as much as 73.5% to a record high of $10.88 in morning trade, the latest in a meme stock rally.

The stock was the most heavily traded on the Nasdaq and among the top trending names on StockTwits, a platform commonly seen as a measure of interest from small time investors. (Reporting by Arathy S Nair and Aaron Saldanha in Bengaluru; Editing by Anil D'Silva)


© Reuters 2021
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Financials (USD)
Sales 2020 0,19 M - -
Net income 2020 -12,8 M - -
Net Debt 2020 16,4 M - -
P/E ratio 2020 -4,97x
Yield 2020 -
Capitalization 786 M 786 M -
EV / Sales 2019 106x
EV / Sales 2020 444x
Nbr of Employees 4
Free-Float 81,3%
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Income Statement Evolution
Sector and Competitors
1st jan.Capi. (M$)
TORCHLIGHT ENERGY RESOURCES0.00%1 572
CONOCOPHILLIPS42.74%77 025
CNOOC LIMITED8.50%44 750
EOG RESOURCES, INC.47.80%43 018
CANADIAN NATURAL RESOURCES LIMITED35.63%39 544
PIONEER NATURAL RESOURCES COMPANY29.13%35 878