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home / news releases / TRCH - Torchlight Energy Resources: Share Price Bubble Keeps Inflating

TRCH - Torchlight Energy Resources: Share Price Bubble Keeps Inflating

Torchlight Energy Resources Inc.
  • Torchlight has eliminated its debt and may have $50 million in cash on hand.
  • Its share count may be over 150 million now, implying a market cap of over $550 million.
  • For Torchlight to be worth that much, its non-commercially proven Orogrande Basin asset would need to fetch Midland/Delaware Basin valuations.
  • Torchlight's 25% share of Metamaterial (post-combination) is worth around $65 million USD based on Metamaterial's current stock price.

For further details see:

Torchlight Energy Resources: Share Price Bubble Keeps Inflating
Stock Information
Company Name: Torchlight Energy Resources Inc.
Stock Symbol: TRCH
Market: NASDAQ
Website: torchlightenergy.com
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