At least, according to what the market believes it’s worth.
This indicator is about the same for the Energy average (which is currently at 0.0) sector and about the same as Oil & Gas E&P (which currently averages 0.0) industry.
#Torchlight energy dividend payout series#
(NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on J(s. IMO, this would be a good time to enter since there was a huge sell off this week. 0. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Luckily, they haven't released the close date yet so you can still buy for the dividend. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid).
Without this $1-$20 extraneous valuation bump, TRCH is likely trading where it should be. Competition Based on the recorded statements, META MATERIALS INC has a Last Dividend Paid of 0.0. Special Dividends are usually a one time deal and if you don't buy the stock before the close date you miss out. 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. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A Preferred Stock dividend on a 1 for 1 basis to its stockholders of record on June 24, 2021. This dividend will be paid out to shareholders of record, as of June 22. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. 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. By Alex Sirois Jul 14, 2021, 6:00 am EDT Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ: MMAT) stock. 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. Last Updated: J11:21 am After markets closed on Friday, Torchlight Energy announced that it had paid shareholders its promised special dividend of one share of Series A preferred. Now, investors who have held through this uncertainty are still up.
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