Shares jumped 40%, why Torchlight stock is blazing higher today
Shares jumped 40%, why Torchlight stock is blazing higher today
The extension provides time for the record and payment dates of the special stock dividend to occur. The payment date for the special stock dividend will be June 25.$Torchlight Energy Resources Inc(TRCH.US)$ is trading significantly higher Monday morning after the company provided an update on its proposed business combination with $METAMATERIAL ORD(MMATF.US)$.
$Torchlight Energy Resources Inc(TRCH.US)$週一上午，在該公司提供了擬議中的業務合併的最新情況後，股價大幅上漲$超材料訂單(MMATF.US)$.
What Happened: The two companies announced an agreement to extend the date by which Torchlight and Metamaterial must close their business combination transaction to June 30.
發生的事情：兩家公司宣佈達成一項協議，將火炬之光和超材料必須完成業務合併交易的日期延長至6月30日。
The extension provides time for the record and payment dates of the special stock dividend to occur. The payment date for the special stock dividend will be June 25.
延期為特別股息的記錄和支付日期提供了時間。特別股票股息的支付日期為6月25日。
Price Action: Torchlight has traded as low as 21 cents over a 52-week period. The oil and gas exploration company is making a new 52-week high in premarket trading today.
價格行動：在52周的時間裏，Torchlight的交易價格低至21美分。這家石油和天然氣勘探公司今天在盤前交易中創下52周新高。
At last check Monday, the stock was up 39.55% at $8.75.
在週一的最新調查中，該股上漲39.55%，至8.75美元。
