Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Torchlight Energy Resources (TRCH) Share Price
News articles about Torchlight Energy Resources (NASDAQ:TRCH) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Torchlight Energy Resources earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.9984520037401 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Torchlight Energy Resources (TRCH) traded up 4.17% on Friday, hitting $1.25. The stock had a trading volume of 273,197 shares. The firm’s market cap is $75.26 million. The company’s 50-day moving average price is $1.21 and its 200 day moving average price is $1.38. Torchlight Energy Resources has a 12-month low of $0.66 and a 12-month high of $1.96.
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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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