Torchlight Energy Resources Inc. (NASDAQ:TRCH) traded at a new 52-week high today of $10.87. This new high was reached on approximately average trading volume as 23.2 million shares traded hands, while the average 30-day volume is approximately 25.6 million shares.
Torchlight Energy Resources Inc. (NASDAQ:TRCH) is currently priced 13.2% above its average consensus analyst price target of $7.84.
In the past 52 weeks, Torchlight Energy Resources Inc. share prices are bracketed by a low of $0.21 and a high of $10.87 and is now at $9.04, 4,182% above that low price.
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.
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