![]() Thus, most of the recent volatility we’ve seen in TRCH is related to this company trading ex-dividend the past few days. That said, a massive range of between $1 per share and $20 per share has been discussed. ![]() ![]() The range of what this dividend could be appears to be still up in the air. This dividend will be paid out to shareholders of record, as of June 22. This combination of meme stock hysteria and merger excitement helped drive this stock in recent weeks.Īdditionally, as a result of the merger, Torchlight announced investors will receive a special dividend of its Series A Preferred Stock. Indeed, retail investors have jumped on this stock prior to the announcement, spurring additional interest in Torchlight. Shareholders approved the deal on June 11, and Torchlight is set to become a much larger entity in short order as a result. The company's highly touted merger with $METAMATERIAL ORD(MMATF.US)$ has driven most of the excitement in this stock. And many of the reasons for this volatility appear to still exist, painting a rather interesting picture for how this stock will perform over the near term. However, this kind of volatility is stomach-churning. Now, investors who have held through this uncertainty are still up. Shares went from around $3.50 to nearly $11, falling back down to the $5 level of late. Indeed, since mid-June, shares of TRCH stock have been on an absolute rollercoaster ride. What a wild ride investors in $Torchlight Energy Resources Inc(TRCH.US)$ have been on.
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