![]() ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. And certainty could definitely be a good thing for TRCH investors right now. With the deal expected to close at the end of the month, investors now have certainty with this deal. Dividend Stocks Energy Oil Gas Coal Exploration Production Torchlight Energy Resources Inc (TRCH) Avg Price Recovery N/A Best dividend capture stocks in May Payout Ratio (FWD) 0. Additionally, the company confirmed that its preferred dividend will be paid out on June 25. Torchlight announced earlier this week the company is extending its merger combination date to June 30. Let’s dive into the reason June 30 may be a big date TRCH investors will want to mark on their calendar. ![]() At least, according to what the market believes it’s worth. Without this $1-$20 extraneous valuation bump, TRCH is likely trading where it should be. 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. Torchlight Energy (TRCH) +9.8 post-market after declaring a special dividend on its Series A preferred shares in connection with its merger deal with Metamaterial. 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 (OTCMKTS: MMATF) 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. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Now, investors who have held through this uncertainty are still up. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The company’s main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties.įor TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. Metamaterials are a subset of functional materials, according to the company. “We are very excited to showcase how metamaterials ‘go beyond’ conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.” “After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the world’s premier exchange for technology companies,” noted George Palikaras, the company’s founding president and CEO. Recent O&G sale prospects include this 44,000 acre deal for updwards of 1Billion in the midland basin. ![]() But let's look at similar sales & numbers to get a better feel. MMAT Stock Is First of Its Type on Nasdaq So really anything over 300-350 million distributed amongst shareholders is essentially a 2 per share special dividend. ![]()
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