Company Shares of Torchlight Energy Resources (NASDAQ:TRCH) Rally 72.88%

Torchlight Energy Resources (NASDAQ:TRCH) : Traders are bullish on Torchlight Energy Resources (NASDAQ:TRCH) as it has outperformed the S&P 500 by a wide margin of 45.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 70.69%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 72.88% in the last 1 week, and is up 47.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -44.26% from its 1 Year high price. On Sep 16, 2015, the shares registered one year high at $2.44 and the one year low was seen on Mar 3, 2016. The 50-Day Moving Average price is $0.70 and the 200 Day Moving Average price is recorded at $0.71.

The stock has recorded a 20-day Moving Average of 50.49% and the 50-Day Moving Average is 42.73%.


Torchlight Energy Resources (NASDAQ:TRCH): On Fridays trading session , Opening price of the stock was $1.18 with an intraday high of $1.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.96. However, the stock managed to close at $1.02, a loss of 13.56% for the day. On the previous day, the stock had closed at $1.18. The total traded volume of the day was 999,206 shares.

In an insider trading activity, Devereaux Edward J, director of Torchlight Energy Resources Inc, had purchased 1,000 shares on April 16, 2014. The total value of the transaction was $5,070. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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 six oil and gas projects and one commercial Salt Water Disposal facility. Its projects include the Marcelina Creek Field Development in Wilson County, Texas, the Coulter Field in Waller County, Texas, the Smokey Hills Prospect in McPherson County, Kansas, the Ring Energy Joint Venture in Southwest Kansas, the Hunton play in partnership with Husky Ventures in Central Oklahoma and the Orogrande Project in Hudspeth County, Texas. The Companys subsidiaries include Torchlight Energy, Inc. and Torchlight Energy Operating, LLC.

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