Torchlight Energy Resources Inc (TRCH) : Amg National Trust Bank reduced its stake in Torchlight Energy Resources Inc by 6.39% during the most recent quarter end. The investment management company now holds a total of 1,465,486 shares of Torchlight Energy Resources Inc which is valued at $1,641,344 after selling 100,000 shares in Torchlight Energy Resources Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Torchlight Energy Resources Inc makes up approximately 0.14% of Amg National Trust Bank’s portfolio.
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Torchlight Energy Resources Inc opened for trading at $1.2 and hit $1.44 on the upside on Monday, eventually ending the session at $1.38, with a gain of 15.00% or 0.18 points. The heightened volatility saw the trading volume jump to 7,59,453 shares. Company has a market cap of $50 M.
Torchlight Energy Resources Inc. (Torchlight) is engaged in the acquisition exploration exploitation and/or development of oil and natural gas properties in the United States. The Company focuses on drilling and working interest programs within the United States. The Company has interests in six oil and gas projects and one commercial Salt Water Disposal facility. Its projects include the Marcelina Creek Field Development in Wilson County Texas the Coulter Field in Waller County Texas the Smokey Hills Prospect in McPherson County Kansas the Ring Energy Joint Venture in Southwest Kansas the Hunton play in partnership with Husky Ventures in Central Oklahoma and the Orogrande Project in Hudspeth County Texas. The Company’s subsidiaries include Torchlight Energy Inc. and Torchlight Energy Operating LLC.