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Torchlight Energy Resources (NASDAQ:TRCH) CEO Thomas Lapinski bought 5,000 shares of Torchlight Energy Resources stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $21,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,005,000 shares in the company, valued at approximately $12,621,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Torchlight Energy Resources (NASDAQ:TRCH) opened at 3.938 on Thursday. Torchlight Energy Resources has a one year low of $1.85 and a one year high of $6.75. The stock’s 50-day moving average is $4.29 and its 200-day moving average is $4.68. The company’s market cap is $74.4 million.

Torchlight Energy Resources (NASDAQ:TRCH) last announced its earnings results on Thursday, May 15th. The company reported ($0.48) 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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