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.The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 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. 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. Now, investors who have held through this uncertainty are still up.
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