![]() ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. ![]() While there are several reasons behind the stock’s recent surge, the one. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. Torchlight Energy stock rose by 20.3 percent on March 11 and is marching higher in pre-market trading on March 12. ![]() For them, Meta Materials might provide big returns at current prices. But that risk profile describes many other investors. I’m fairly conservative when it comes to jumping into technology pre-commercialization. They may or may not ever come to market, but that’s the bet here. The company didn’t elaborate on the commercialization timeline for glucoWISE products. Upside) Based on 2 Wall Street analysts offering 12 month price targets. So, if investors assume that it is going to focus primarily on the diabetes management sector then there are significant catalysts for shares. Torchlight Energy Resources Stock - TRCH Share Price Today, News and Discussion 29. Meta Materials meanwhile posted a $CAD 55.08 million loss in Q1.īut remember, Meta Materials is nearly debt-free following the merger. It posted a $249.51 million net loss in the period. Notes to interim condensed consolidated financial statements For the three months ended Maand 2020 1. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it paid the special Series A. Interim condensed consolidated statements of cash flows (unaudited) expressed in Canadian dollars See accompanying notes 5 Metamaterial Inc. Senseonics, like Meta Materials, realized a significant loss in Q1. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. and Torchlight Hazel, LLC (collectively, Torchlight) entered into an option agreement. The difference is that Meta Materials’ solution is non-invasive. On August 13, 2020, our subsidiaries Torchlight Energy, Inc. Senseonics is a diabetes management firm that is progressing toward the commercialization of an implantable glucose monitor. End: Atlantic Standard Time (AST) has ended on Sunday, March 12. There are at least a few parallels between Meta Materials and Senseonics (NYSEAMERICAN: SENS). MMAT (TRCH) Stock Analysis: Torchlight Energy Resources, Inc. When it completed the business combination with Torchlight Energy Resources the accompanying press release noted that it would discuss recent events and future growth initiatives on July 6. It is apparent that it is attempting to further establish its position within health and wellness in particular. Meta Materials technology platform enables leading global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Ostensibly that cash will be directed toward materials development alone since its newly purchased oil assets are being sold.īased on those assumptions, is MMAT stock worth establishing a position in? A Closer Look at TRCH Stock As a result of the combination, it has $160 million in cash with nearly zero debt. The focal point moving forward for potential investors is whether Meta Materials makes sense as an investment. T orchlight CEO John Brda will remain with the new business combination while its oil & gas assets are disposed of. Meta Materials shareholders are expected to own 75% of the combined company, while Torchlight shareholders get 25%. Nevertheless, it seems that the terms of the deal were enough to entice shareholders to agree to the merger. Yet the acquirer profile looked to be a larger oil E&P company. TRCH stock had long been considered an acquisition target. The synergies leading to the business combination are somewhat unclear. Torchlight Energy Resources was an oil & gas exploration firm that operated in Texas. TRCH Stocks Price Graph & Average Annual Return How Torchlight Energy Resources Inc (TRCH) Stock Performed Against. Meta Materials is a company that develops functional materials and nanocomposites.
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