Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Torchlight Energy Resources (TRCH) Share Price
News articles about Torchlight Energy Resources (NASDAQ:TRCH) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Torchlight Energy Resources earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.16831841934 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Torchlight Energy Resources (NASDAQ:TRCH) traded down 4.39% during trading on Thursday, reaching $1.09. 331,981 shares of the company’s stock traded hands. The stock’s market capitalization is $65.63 million. Torchlight Energy Resources has a 1-year low of $0.70 and a 1-year high of $1.96. The company has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.37.
About Torchlight Energy Resources
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 approximately four oil and gas projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas.
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