For Torchlight Energy Resources, Inc. (NASDAQ:TRCH) Wednesday was another day of strong-handed buying, with the low volume day punctuated by a rise from previous close. Trading activity stretched to 0.49 million shares from the 5-day average tally of 309.47 million shares per day. The price at the open on 13-Mar-19 was $1.52 but as the session wore on, the stock escalated, closing with a gain of 6.04%. Its shares recently got a closing price of $1.58 per share.

Torchlight Energy Resources, Inc. (TRCH): A 179.99% Rally In This Year — But Still Has Room To Grow 1.27%

According to 2 stock analysts, Torchlight Energy Resources, Inc., is being kept at an average Outperform, rating, with at least 4.51% of shares outstanding that are currently legally short sold. The shares of the corporation went up by 47.66% during the previous month. So far this year, the stock had gone up by 179.99%. With these types of results, analysts are more optimistic than before, leading 2 of analysts who cover Torchlight Energy Resources, Inc. (NASDAQ:TRCH) to advise their clients to include it in their buy candidate list. However, on the Street, the shares for the company have been tagged a $1.6 price target, indicating that the shares will rally 1.27% from its current levels. At the moment, the stock is trading for about -20.2% less than its 52-week high.

Torchlight Energy Resources, Inc. Last Posted 25% Sales Growth

Torchlight Energy Resources, Inc. (TRCH) has so far tried but failed to beat the consensus-estimated -$0.01, with their earning staying at -$0.02 per share. This was revealed in their last financial report. Their revenue meanwhile grew by 25% from the last quarter, totaling $350000.

TRCH Is 10.66% Away From SMA20

The shares of the company (TRCH) staged the smart recovery and have roared back some 196.99% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 10.71% for the week and by increasing the timeframe to a month, the volatility stood at 12.07%. As for the share price, it has gone above the 20 days moving average and is now hovering within a distance of 10.66%. Currently the price is sitting at 40.33% higher than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report 17.91% gains, thus going up by 52.14%, compared with its 200-day moving average of $0.9448.

EnSync, Inc. (NYSE:ESNC) Worth Paying Attention

EnSync, Inc. (ESNC) was also brought into the spotlight with a -$0.08 drop. As the regular session came to an end, the price changed by -80% to $0.02. The trading of the day started with the price of the stock at $0.1001. However, at one point, in the middle of the day, the price touched a high of $0.1001 before it finally returned some of the gains. Analyzing ESNC this week, analysts seem to be content with keeping to their neutral forecast call at 2. EnSync, Inc. tumbled -95.22% from their most recent record high of $0.46 and now hold $1.58 million in market value of equity.

EnSync, Inc. (ESNC) Returns -87.83% This Year

The company during the last trade was able to reach a volume of 9.74 million shares. That activity is comparable to their recent volume average trend of nearly 2.57 million shares which they recorded over a period of one week. The stock price volatility for last week at the close of regular trading was 119.54%. EnSync, Inc. price was kept to a minimum $0.1001 in intra-day trade and has returned -87.83% this year alone. At a certain point in the past four quarters, the shares traded as low as $0.06 but made a -65.73% recovery since then. [T5]