Prime Capital Investment Advisors LLC purchased a new position in Torchlight Energy Resources Inc (NASDAQ:TRCH) in the 1st quarter, Holdings Channel reports. The firm purchased 90,000 shares of the oil and gas company’s stock, valued at approximately $148,000.
Several other hedge funds have also bought and sold shares of the company. LVM Capital Management Ltd. MI grew its holdings in shares of Torchlight Energy Resources by 400.0% in the fourth quarter. LVM Capital Management Ltd. MI now owns 50,000 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 40,000 shares during the period. BlackRock Inc. grew its holdings in shares of Torchlight Energy Resources by 3.1% in the fourth quarter. BlackRock Inc. now owns 380,417 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 11,500 shares during the period. Finally, Vanguard Group Inc grew its holdings in shares of Torchlight Energy Resources by 1.8% in the third quarter. Vanguard Group Inc now owns 1,471,296 shares of the oil and gas company’s stock worth $1,412,000 after acquiring an additional 26,300 shares during the period. Hedge funds and other institutional investors own 7.77% of the company’s stock.
NASDAQ:TRCH opened at $1.69 on Wednesday. Torchlight Energy Resources Inc has a 52-week low of $0.53 and a 52-week high of $1.98. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.99.
COPYRIGHT VIOLATION WARNING: “Prime Capital Investment Advisors LLC Invests $148,000 in Torchlight Energy Resources Inc (TRCH)” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.chaffeybreeze.com/2019/04/17/prime-capital-investment-advisors-llc-invests-148000-in-torchlight-energy-resources-inc-trch.html.
Torchlight Energy Resources Profile
Torchlight Energy Resources, Inc, through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. As of December 31, 2017 it had interests in four oil and gas projects, including the Orogrande project in Hudspeth County, Texas; Hazel project in Sterling, Tom Green, and Irion Counties, Texas; Winkler project in Winkler County, Texas; and Hunton wells in partnership with Husky Ventures in Central Oklahoma.
Read More: What is the NASDAQ?
Want to see what other hedge funds are holding TRCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Torchlight Energy Resources Inc (NASDAQ:TRCH).
Receive News & Ratings for Torchlight Energy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchlight Energy Resources and related companies with MarketBeat.com's FREE daily email newsletter.