What do you think about investing in TRCH?

Asked 4 years ago

Is it a good stock to buy? How does it rank in terms of momentum and stability?

Opinions on specific stocks Investment advice

Andrew Moran

Tuesday, January 11, 2022

It should be noted that Torchlight Energy Resources and Meta Materials merged, so now it is MMAT.
The stock has fallen victim to the broader market drop, sliding below $3.
Plus, there is still enormous investor interest, with an average volume of 7.3 million shares traded.
It appears that there is some litigation strife unfolding at the company, and some reports indicate that more are coming.
There is some uncertainty surrounding the dividends.
Like some other stocks, Meta Materials has lots of dedicated and loyal shareholders.
The main problem with the company is its lack of revenue generation. It has failed to sell too many products with its portfolio of patents. Revenues have stagnated over the last few quarters, while earnings have plummeted.
In the end, it looks like a dog with fleas.