TRCH - Torchlight Energy Resources Inc.: The Winning Streak Continues (TRCH)

Shares of Torchlight Energy Resources Inc. (NASDAQ:TRCH) traded today at $5.55, eclipsing its 52-week high. This new high was reached on above average trading volume as 23.2 million shares traded hands, while the average 30-day volume is approximately 6.7 million shares.

Torchlight Energy Resources Inc. (NASDAQ:TRCH) is currently priced 24.4% above its average consensus analyst price target of $3.77.

Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.

In the past 52 weeks, shares of Torchlight Energy Resources Inc. have traded between a low of $0.21 and a high of $5.55 and is now at $4.98, which is 2,259% above that low price.

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