He took up this role in December 2012 after the departure of co-founder Tom Lapinski.The company is led by its president, CEO, secretary, and director John Brda.It joined the public market in November 2010 after completing its initial public offering (IPO).Torchlight Energy was founded in October 2007.TRCH currently has projects underway in the Midland Basin, Orogrande Basin, and the Delaware Basin.It holds interests in Texas, including the Permian Basin and the Eagle Ford Shale.The company’s main focus is on the “acquisition and development of highly profitable domestic oil fields.”.Torchlight Energy is an oil and gas exploration and production company based out of Plano, Texas.Keeping that in mind, here’s what potential investors in TRCH stock need to know about the company before they invest. That includes the underwriter of the deal fully exercising its over-allotment option. This saw it sell 23 million shares of its stock at $1.20 per share. The news is likely connected to the closing of a public offering. That’s a massive spike compared to the company’s daily average trading volume of roughly 9 million shares. These include the alleged pump-and-dump scheme, as well as the events surrounding the former preferred MMTLP stock shares.TRCH has seen more than 186 million shares of its stock change hands as of this writing.
People are buzzing about Meta Materials, but perhaps they’re being distracted by certain news items. Just think about the effect this might have on MMAT stock. Meta Materials could ramp up its operations very quickly over the next 12 months. We’re talking about a 68,000-square-foot, state-of-the-art manufacturing facility. Moreover, the company recently opened its global headquarters and Centre of Excellence in Canada. Meta Materials is a premier player in this industry with hundreds of patents in the meta/functional-materials niche. It’s a global phenomenon, though, and an IDTechEx report predicts that the meta-materials market will reach $8.7 billion by 2043. It seems like the market has completely forgotten the positive news concerning Meta Materials and the industry in which it operates.
#Torchlight stock prediction full#
We’re not even talking about a full price recovery here. Therefore, a $2 price target really isn’t too much to ask for. Yet, clear-minded investors should separate that situation from MMAT stock and its upside potential.Īstoundingly, shares of Meta Materials just surpassed the $1 level even though they started 2022 at nearly $3. It’s understandable if folks who held preferred MMTLP stock are confused or frustrated now. That situation doesn’t seem to have much bearing on Meta Materials now, however.
Next Bridge shares are not trading publicly.Īlong with that soap opera, there’s the matter of Torchlight Energy, the now-defunct precursor to Meta Materials, being a target of an alleged pump-and-dump scheme. So, let’s talk about the 800-pound gorilla in the room: Meta Materials spun off oil and gas subsidiary Next Bridge Hydrocarbons by providing former Meta Materials preferred shares (MMLTP, currently unlisted) owners with shares of Next Bridge.
What’s the Buzz Surrounding Meta Materials?
Be aware of what traders are talking about, yes, but also focus on Meta Materials’ turnaround story, which could take the skeptics by surprise next year. It’s definitely possible, but you don’t have to wait until 2023 to take a position in Meta Materials. Is it possible, then, that the functional materials market will gain further traction next year? Consider this: The Israel Innovation Authority allocated the equivalent of $43 million to establish new consortia to support several technologies, including meta-materials.
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