![]() Let’s dive into the reason June 30 may be a big date TRCH investors will want to mark on their calendar. At least, according to what the market believes it’s worth. Without this $1-$20 extraneous valuation bump, TRCH is likely trading where it should be. 104.53 Why Torchlight And Metamaterial Are Trading Higher Today by Adam Eckert, Benzinga Staff Writer J9:43 AM 1 min read Torchlight Energy Resources Inc and Metamaterial. Thus, most of the recent volatility we’ve seen in TRCH is related to this company trading ex-dividend the past few days. Torchlight Energy Resources: Special Dividend Likely To Be Of Limited Value (NASDAQ:TRCH) Seeking Alpha Home Dividends Analysis Dividend Ideas Tech Torchlight Energy Resources. By Alex Sirois Jul 14, 2021, 6:00 am EDT Torchlight Energy Resources effectively no longer exists following its June 28 merger with Meta Materials (NASDAQ: MMAT) stock. That said, a massive range of between $1 per share and $20 per share has been discussed. The range of what this dividend could be appears to be still up in the air. The Company expects to close the Arrangement no later than June 30 th, 2021. This dividend will be paid out to shareholders of record, as of June 22. The payment date for the Series A Preferred Stock dividend will be June 25 th. This combination of meme stock hysteria and merger excitement helped drive this stock in recent weeks.Īdditionally, as a result of the merger, Torchlight announced investors will receive a special dividend of its Series A Preferred Stock. Indeed, retail investors have jumped on this stock prior to the announcement, spurring additional interest in Torchlight. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid). ![]() In order to pay dividends to shareholders and investors, the company must receive net income, which it distributes to its shareholders or free cash flow. Shareholders approved the deal on June 11, and Torchlight is set to become a much larger entity in short order as a result. Dividends on stocks Torchlight Energy Resources is a part of the profit that shareholders get from the company. The company’s highly touted merger with Metamaterial (OTCMKTS: MMATF) has driven most of the excitement in this stock. This indicator is about the same for the Energy average (which is currently at 0.0) sector and about the same as Oil & Gas E&P (which currently averages 0.0) industry. And many of the reasons for this volatility appear to still exist, painting a rather interesting picture for how this stock will perform over the near term. Competition Based on the recorded statements, META MATERIALS INC has a Last Dividend Paid of 0.0. ![]() However, this kind of volatility is stomach-churning. Now, investors who have held through this uncertainty are still up. None Price as of: JUN 25, 07:59 PM EDT 4.95 +0.2 +0 Dividend (Fwd) 0.00 Yield (Fwd) 0.
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