TRCH currently has projects underway in the Midland Basin, Orogrande Basin, and the Delaware Basin.It holds interests in Texas, including the Permian Basin and the Eagle Ford Shale.The company’s main focus is on the “acquisition and development of highly profitable domestic oil fields.”. Torchlight Energy is an oil and gas exploration and production company based out of Plano, Texas.Keeping that in mind, here’s what potential investors in TRCH stock need to know about the company before they invest. That includes the underwriter of the deal fully exercising its over-allotment option. This saw it sell 23 million shares of its stock at $1.20 per share. The news is likely connected to the closing of a public offering. That’s a massive spike compared to the company’s daily average trading volume of roughly 9 million shares. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.TRCH has seen more than 186 million shares of its stock change hands as of this writing. Gregory Stone, Director of Case and Financial Analysis Email: or Tel: (800) 575-0735 or (212) 545-4774 Wolf Haldenstein Adler Freeman & Herz LLP Patrick Donovan, Esq. If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at or visit our website at Contact: Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
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