There is no share available for short selling at Torchlight.
Similarly What happened to my torchlight stock? Transition in Torchlight Energy Resources Brings a Goodbye and a Good Buy. June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ:TRCH). That’s the day the company merged with Metamaterials to form Meta Materials (NASDAQ:MMAT). And as a result, TRCH stock was replaced by MMAT stock.
Will TRCH become meta? Torchlight Energy (NASDAQ:TRCH) -5% post-market after announcing a one-for-two reverse stock split and confirming that its merger with Metamaterial will take effect on June 28. On that date, the company will become Meta Materials and begin trading on Nasdaq with the MMAT ticker.
Additionally, Is Meta materials a good buy?
Meta Materials Inc (MMAT) is near the top in its industry group according to InvestorsObserver. MMAT gets an overall rating of 56. That means it scores higher than 56 percent of stocks. Meta Materials Inc gets a 73 rank in the Electronic Components industry.
How shorted is TRCH stock?
TRCH (NASDAQ)
| Short Squeeze Ranking™ | view |
|---|---|
| Short Interest (Shares Short) | 0 |
| Short Interest Ratio (Days To Cover) | |
| Short Percent of Float | % |
| Short % Increase / Decrease | % |
When did TRCH stock split? Ahead of the merger, Torchlight paid the special Series A Preferred Stock dividend on a 1-for-1 basis to its stockholders of record on June 24. Torchlight also announced that it implemented a 1-for-2 reverse split of TRCH stock. The reverse split became effective after market close on June 25.
What are good tech stocks?
| Best Value Tech Stocks | ||
|---|---|---|
| Mandiant Inc. (MNDT) | 22.30 | 5.2 |
| Hewlett Packard Enterprise Co. (HPE) | 17.05 | 22.2 |
| HP Inc. (HPQ) | 37.54 | 39.5 |
| Dell Technologies Inc. (DELL) | 52.32 | 40.0 |
Is Metamaterial a good stock? Meta Materials Inc (MMAT) is near the top in its industry group according to InvestorsObserver. MMAT gets an overall rating of 56. That means it scores higher than 56 percent of stocks. Meta Materials Inc gets a 73 rank in the Electronic Components industry.
Will TRCH become MMAT?
(NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT) Torchlight Energy Resources (NASDAQ: TRCH), an oil and gas exploration company based in Plano, Texas, has closed on its previously announced business combination with Meta Materials Inc.
Does TRCH turn into MMAT? $TRCH ticker will be going away and turning into $MMAT which is reserved on the NASDAQ. For every 1x $TRCH stock you own you will own 1x META stock, plus your Series A pref. dividend issued by TRCH to all their shareholders. Hope this helps!
Will Facebook stock split soon?
At press time, Facebook has not yet announced a stock split. However, investors think that a split could be inevitable shortly to combat the company’s overwhelming market power. Facebook is currently valued at $500 billion, and there is no other company within 1.5 times of their value.
Is MMAT undervalued? In the last 77 trades there were 18.37 million shares bought and 10.6 million shares sold.
…
Predicted Opening Price for Meta Materials Inc. of Tuesday, April 12, 2022.
| Fair opening price April 12, 2022 | Current price |
|---|---|
| $1.49 | $1.48 (Undervalued) |
Who owns MMAT stock?
Top 10 Owners of Meta Materials Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| SSgA Funds Management, Inc. | 6.17% | 17,584,762 |
| BlackRock Fund Advisors | 4.46% | 12,687,361 |
| The Vanguard Group, Inc. | 1.68% | 4,786,041 |
| Geode Capital Management LLC | 1.34% | 3,822,648 |
Is FB a buy or sell?
Out of 34 analysts, 15 (44.12%) are recommending FB as a Strong Buy, 6 (17.65%) are recommending FB as a Buy, 12 (35.29%) are recommending FB as a Hold, 0 (0%) are recommending FB as a Sell, and 1 (2.94%) are recommending FB as a Strong Sell. What is FB’s earnings growth forecast for 2022-2024?
What is the float of TRCH? Overview:
| Market Capitalization, $K | 785,778 |
|---|---|
| % of Insider Shareholders | 17.49% |
| % of Institutional Shareholders | 8.31% |
| Float, K | 130,979 |
| % Float | 82.51% |
• 25 juin 2021
Who is TRCH merging with? (NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)
What is the torchlight dividend?
(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. Torchlight also announced that it implemented a 1 for 2 reverse stock split of its Common Stock.
Will TRCH reverse split? Torchlight Energy Resources, Inc. (TRCH) has announced a 1-for-2 reverse stock split and a name, symbol, CUSIP change. As a result of the reverse stock split and underlying changes, each TRCH Common Share will be converted into the right to receive 0.5 (New) Meta Materials Inc. (MMAT) Common Shares.
Who merged with TRCH?
InvestorNewsBreaks – Torchlight Energy Resources Inc. (NASDAQ: TRCH) Closes $1.9 Billion Merger with Meta Materials Inc. (NASDAQ: MMAT)
What is 1 for 2 reverse stock split? A reverse stock split is a corporate stock restructuring strategy where they combine the shares, which raises the price of each share. Say a company is consolidating its shares in the ratio of 1:2. Consequently, every two of its shares will become 1, doubling the price of each share.