The 1 for 2 ratio represents the lowest amount Torchlight may implement under the 1-20 range that was previously approved by the stockholders. The reverse split, which will become effective after market closing on June 25, 2021, was approved by the stockholders of Torchlight at its Special Shareholder meeting held on June 11, 2021. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Frequently asked questionsį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. The company was founded in 2010 and is headquartered in Plano, Texas. 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. , through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. This would suggest that Torchlight Energy Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk. The market (NASDAQ average) beta is 1, while Torchlight Energy Resources's is 2.0304. volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta". Over the last 12 months, Torchlight Energy Resources's shares have ranged in value from as little as $0 up to $0. Torchlight Energy Resources share price volatility 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. This wouldn't directly have changed the overall worth of your Torchlight Energy Resources shares – just the quantity. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. Torchlight Energy Resources's shares were split on a 4:1 basis on 15 December 2010. Have Torchlight Energy Resources's shares ever split? We're not expecting Torchlight Energy Resources to pay a dividend over the next 12 months. TTM: trailing 12 months Torchlight Energy Resources share dividends Torchlight Energy Resources financials Revenue TTM All international money transfer services.
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