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. Meta Materials is a company that develops functional materials and nanocomposites. It doesn’t matter if you have $500 in savings or $5 million. Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Read More: Penny Stocks - How to Profit Without Getting Scammed More From InvestorPlace If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. WISH Stock: What Investors Are Saying About ContextLogic as It Becomes a Meme Stock Favorite.Blockchain Stocks: Why MARA, SOS, RIOT, HVBTF Stocks Are Down Today.5 Penny Stocks Making the Biggest Moves Today.Take a look at all of that information by following the links below! More Monday Stock Market News We’ve got stories covering the top five penny stocks on the move today, why blockchain stocks are taking a beating, and plenty of other news worth looking into. offers incredibly in-depth daily coverage of the stock market and today is no different. Of course, there’s plenty more stock market news worth looking into today besides just this. TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. That’s a massive surge in activity compared to its daily average trading volume of about 16 million shares.As of this writing, more than 225 million shares of TRCH stock have changed hands.Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today.It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend.It’s set to be paid out to investors in TRCH stock on June 25.Luckily, they won’t have to wait long for the merger dividend.Ĩ High-Risk Stocks to Buy That Are Worth Taking a Chance On.That’s a massive range for the special merger dividend that investors will have to hold out for.However, analysts are expecting to range from anywhere between $1 per share and $20 per share.Investors that are wondering how much the dividend will payout still don’t have any concrete details.
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