TRCH: Torchlight Energy Resources, Inc. - Summary | Jitta

Torchlight Energy Resources, Inc.

NASDAQ:TRCH

Notice
Stock data is unavailable or the company’s delisted.
Price
$9.90
Loss Chance
58.4%
0.01JITTA SCORE
100.00%Over Jitta Line
Jitta Ranking
Sorry, the data is not yet available for this stock.
HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (21)
Recent Business Performance (19)
Financial Strength (39)
Return to Shareholders (0)
Competitive Advantage (0)
Jitta Signs
Recent Business PerformanceEarning Growth Last Year
Revenue and EarningEarning loss detected in 2020
Operating MarginDeclined
New Share IssuedMore than 50% in 5 years
CapExVery High
SG&A to SalesIncreasing
Key Stats
Jitta Score
Jitta Line
0.01
100.00%
2.34
229.72%
2.34
229.72%
3.36
63.74%
COMPANY DESCRIPTION
As of June 28, 2021, Torchlight Energy Resources, Inc. was acquired by Metamaterial Inc., in a reverse merger transaction. Torchlight Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. 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. The company was founded in 2010 and is headquartered in Plano, Texas.