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Torchlight Energy Resources (NASDAQ:TRCH) President John A. Brda acquired 4,500 shares of Torchlight Energy Resources stock on the open market in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $4.25 per share, with a total value of $19,125.00. Following the completion of the acquisition, the president now directly owns 187,000 shares of the company’s stock, valued at approximately $794,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Torchlight Energy Resources (NASDAQ:TRCH) traded up 2.94% on Friday, hitting $4.20. 39,904 shares of the company’s stock traded hands. Torchlight Energy Resources has a 52-week low of $1.80 and a 52-week high of $6.75. The stock’s 50-day moving average is $4.38 and its 200-day moving average is $4.68. The company’s market cap is $79.4 million.

Torchlight Energy Resources (NASDAQ:TRCH) last released its earnings data on Thursday, May 15th. The company reported ($0.48) earnings per share (EPS) for the quarter. Analysts expect that Torchlight Energy Resources will post $-0.18 EPS 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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