News headlines about Torchlight Energy Resources (NASDAQ:TRCH) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchlight Energy Resources earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.3765937927424 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Torchlight Energy Resources (NASDAQ TRCH) traded down $0.01 during trading hours on Friday, reaching $1.25. The company’s stock had a trading volume of 151,936 shares, compared to its average volume of 188,492. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.22. Torchlight Energy Resources has a 52 week low of $0.95 and a 52 week high of $1.96.
Torchlight Energy Resources (NASDAQ:TRCH) last released its earnings results on Tuesday, November 14th. The oil and gas company reported ($0.02) earnings per share for the quarter. Torchlight Energy Resources had a negative net margin of 5,617.57% and a negative return on equity of 43.83%. The business had revenue of $0.02 million for the quarter.
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Torchlight Energy Resources, Inc (Torchlight) is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company focuses on drilling and working interest programs within the United States. The Company has interests in approximately four oil and gas projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas.
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