Torchlight Energy Resources Inc. (NASDAQ:TRCH) went down by 0.00% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Oil & Gas E&P giant went up by $0.36 to trade ended Wednesday trading at $0.36. This is down from the $0.3625 price recorded on Tuesday’s trading session. Thanks to this latest performance, TRCH is closer to the higher price 52-week target of $2.70 and further from the lowest price target of $2.70. Its performance from the start of the year has also been negative, with TRCH down by -52.32% year-to-date.
Torchlight Energy Resources Inc. (TRCH) started the day trading at $0.37 and recorded an intraday high of $0.38. It also recorded an intraday low of $0.3511 during Wednesday’s trading session. Torchlight Energy Resources Inc. is a very active stock that recorded a trading volume that is less than -0.76% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 628623, which is less than -0.76 of the total average daily trading volume of 633.40K.
Torchlight Energy Resources Inc. (NASDAQ:TRCH) 2020 Performance Impressive
The increase in TRCH’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TRCH currently stands at $1.86, which is higher than the current trading price of the stock by 80.65%. However, TRCH’s current trading price is -28.57% lower than the 52-week low price of $0.28. In terms of trading volume, Torchlight Energy Resources Inc. currently experienced healthy participation during the last trading session. 628623 shares of Torchlight Energy Resources Inc. were traded on the stock exchange on Wednesday, which is less than -0.76% of the 633.40K average trading volume of the stock.
The performance of the stock has been positive over the past year. TRCH’s performance over the past one year has seen it plunge by -72.74%, while the stock has gone down by -52.32% in the last six months. The quarterly performance of TRCH currently stands at 1.54%, and it is up by 4.59% in the last month. The only negative figure was from the weekly performance, which currently reads -0.25%. At the time of writing TRCH’s report, the company has a total market cap of $36.77M, making it one of the largest publicly-traded companies in the world.Torchlight Energy Resources Inc. also has over 2 employees all over the world.
TRCH Insider Activities
For Torchlight Energy Resources Inc., insiders hold 6.60% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Torchlight Energy Resources Inc. now hold 21.94M shares, which is over 7.93% of the total company stocks. Institutional investors currently hold a large chunk of the TRCH shares, as they control 25.45% of the company’s total stock.
TRCH Fundamental Analysis
For Torchlight Energy Resources Inc., the stock’s diluted earnings per share (EPS) stands at -0.16. The stock’s EPS growth this year is -58.50%, 33.10% in the previous five years. In terms the average annual revenue of 33.10% over the past half a decade.
The Return on Investment (ROI) on Torchlight Energy Resources Inc.’s stock currently stands at -23.30%. The gross margin of the company is 24.70%.
At the moment, Torchlight Energy Resources Inc.’s Total Debt to Equity ratio stands at 1.11, and they have a long-term Debt to Equity ratio of 1.07.
TRCH Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TRCH currently stands at -8.42%, while the SMA50 is -7.64%. The biggest one is the SMA200, which is currently reading -43.47% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 45.80.