Insider Buying: John A. Brda Acquires 4,500 Shares of Torchlight Energy Resources Stock (TRCH)
Torchlight Energy Resources (NASDAQ:TRCH) President John A. Brda purchased 4,500 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $4.25 per share, with a total value of $19,125.00. Following the purchase, the president now directly owns 187,000 shares in the company, valued at approximately $794,750. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Torchlight Energy Resources (NASDAQ:TRCH) traded down 3.33% during mid-day trading on Monday, hitting $4.06. 17,010 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 has a 50-day moving average of $4.38 and a 200-day moving average of $4.68. The company’s market cap is $76.8 million.
Torchlight Energy Resources (NASDAQ:TRCH) last issued its quarterly earnings data 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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