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Torchlight Energy Resources (NASDAQ:TRCH) major shareholder Robert Kenneth Dulin bought 8,700 shares of Torchlight Energy Resources stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of $3.99 per share, for a total transaction of $34,713.00. Following the purchase, the insider now directly owns 75,560 shares of the company’s stock, valued at approximately $301,484. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Torchlight Energy Resources (NASDAQ:TRCH) traded down 0.97% during mid-day trading on Thursday, hitting $4.08. The stock had a trading volume of 53,146 shares. Torchlight Energy Resources has a 1-year low of $1.80 and a 1-year high of $6.75. The stock has a 50-day moving average of $4.39 and a 200-day moving average of $4.69. The company’s market cap is $77.1 million.

Torchlight Energy Resources (NASDAQ:TRCH) last announced its earnings results on Thursday, May 15th. The company reported ($0.48) earnings per share (EPS) for the quarter. On average, analysts predict that Torchlight Energy Resources will post $-0.18 earnings per share for the current fiscal year.

Torchlight Energy Resources, Inc, formerly Pole Perfect Studios, Inc, is engaged in the acquisition, exploration, development and producing of oil and gas properties.

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