News headlines about Torchlight Energy Resources (NASDAQ:TRCH) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Torchlight Energy Resources earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.9727920825308 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Torchlight Energy Resources (NASDAQ TRCH) traded up 10.3362% during midday trading on Wednesday, reaching $1.2799. The company had a trading volume of 426,136 shares. The stock has a 50-day moving average of $1.25 and a 200 day moving average of $1.36. The firm’s market capitalization is $77.06 million. Torchlight Energy Resources has a 52 week low of $0.85 and a 52 week high of $1.96.
Torchlight Energy Resources Company Profile
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.