![]() In November 2010, Pole Perfect bought Torchlight Energy and abandoned all of its previous business plans within the health and fitness industries before formally changing its name to Torchlight in 2011. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. A special dividend is a payment made by a company to its shareholders, that the company declares to be separate from the typical recurring dividend cycle. Torchlight also said on Friday it paid a special dividend to its stockholders of record on June 24 and that it implemented a previously approved 1 for 2 reverse stock split. The company, which pushed back the closing of the deal to June 30, upsized its stock offering to $250 million last week from $100 million to take advantage of the share price rally. Torchlight said on Friday that it closed the deal and the new company, Meta Materials Inc, would begin trading under the ticker symbol "MMAT" on Monday. The deal includes plans to divest the legacy energy assets. capital markets, Metamaterial Inc, a smart materials and photonics company, last year agreed to merge with Torchlight, an oil and gas producer. In a reverse takeover to list on the Nasdaq and access the U.S. The shares, however, gave up some of the gains after the company upsized its stock offering. Torchlight's stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. ![]() Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. Indicates a company's profitability in relation to its total assets. The rate at which the company's net income has increased to the same quarter one year ago. It indicates the company's profitability. Torchlight Energy (TRCH) +9.8 post-market after declaring a special dividend on its Series A preferred shares in connection with its merger deal with Metamaterial. Net income divided by revenue of the last 4 quarters. The company last week also declared a special dividend. Net Income is the profit after all expenses have been deducted from the total revenue. Torchlight said late Monday it was planning to raise 150 million more, on top of a 100 million stock offering it announced last week. It indicates the efficiency of using their resources to produce goods or services.Įarnings before tax and interest payments. Gross profit is the profit after subtracting the costs of making and selling its products or the costs of providing its services. Revenue is the sum of all cash flow into the company. However, the ratio is difficult to compare between industries where common amounts of debt vary. Price to Book Ratio is the Market cap divided by the Book value of the companyĪ higher ratio indicates a higher risk. Market cap divided by the revenue in the most recent year. FINRA issued an extraordinary event trade halt, known as a U3 trade halt. A lower PEG could mean that a stock is undervalued.Įarnings divided by outstanding shares. Grevillea Torchlight is an upright growing Grevillea variety with dense green foliage and beautiful, vibrant, orange flowers that bloom prolifically. are a carryover from Torchlight Energy that should have covered before. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Ratio between share price and earnings per share.
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