Torchlight Energy Resources Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Torchlight Energy Resources, Inc. (Torchlight) is an energy company. The Company is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company is primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. Torchlight has interests in four oil and gas projects: the Orogrande Project in Hudspeth County, Texas; the Hazel Project in Sterling, Tom Green, and Irion Counties, Texas; the Winkler Project in Winkler County, Texas, and the Hunton wells in partnership with Husky in Central Oklahoma. The Company operates its business through its subsidiaries, including Torchlight Energy, Inc., Torchlight Energy Operating, LLC, Hudspeth Oil Corporation, Torchlight Hazel, LLC and Warwink Properties, LLC.

Closing Price
$1.37
Day's Change
-0.10 (-6.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.46
Day's Low
1.30
Volume
(Light)
Volume:
8,131,819

10-day average volume:
10,502,486
8,131,819

Dow edges higher early Wednesday as Wall Street parses bank earnings

9:38 am ET October 14, 2020 (MarketWatch)
Print

U.S. stocks early Wednesday inched higher, as investors digested corporate quarterly results from the nation's largest banks for a second day. Goldman Sachs (GS)reported quarterly results that were much better than expected but results from Bank of America (BAC), Wells Fargo (WFC) and PNC Financial (PNC) were lackluster. The Dow Jones Industrial Average rose 0.1% at 28,724, the S&P 500 index gained less than 0.1% at 3,515, while the Nasdaq Composite Index advanced 0.1% at 11,880. Investors remain focused on a lack of progress on additional stimulus from Congress, with talks stalled. Fears about the spread of the coronavirus in the U.S. and elsewhere in the world also has given some bulls reason for caution. Still stocks remain mostly within reach of new highs as expectations grow for a postelection stimulus plan that could inject more juice into the economy if Democratic challenger and former Vice President Joe Biden wins the presidency and the Democrats also gain a majority in Congress.

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 14, 2020 09:38 ET (13:38 GMT)

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