![]() ![]() The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. (MMAT): A 'Photonics' Company That's an Optical Illusion." The report alleged numerous issues including: "isappearing segments, misleading product claims, fake medical devices, research funding for subsidiaries that don't exist, and circumstances so questionable around a penny stock reverse merger that it's now the subject of an SEC Enforcement subpoena."įollowing publication of the Kerrisdale report, Meta's stock price fell $0.18 per share, or 5.83%, to close at $2.91 per share on December 14, 2021. On December 14, 2021, Kerrisdale Capital ("Kerrisdale") published a report titled "Meta Materials, Inc. GuruFocus ranks the overall financial strength of Torchlight Energy Resources at 3 out of 10, which indicates that the financial strength of Torchlight Energy Resources is poor.The investigation concerns whether Meta Materials and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Torchlight Energy Resources has a cash-to-debt ratio of 0.01, which is in the bottom 10% of the companies in Oil & Gas industry. ![]() Looking at the cash-to-debt ratio and interest coverage is a great starting point for understanding the financial strength of a company. Thus, it is important to carefully review the financial strength of a company before deciding whether to buy its stock. Investing in companies with poor financial strength has a higher risk of permanent loss of capital. That's the day the company merged with Metamaterials to form Meta Materials (NASDAQ: MMAT ). Link: These companies may deliever higher future returns at reduced risk. June 28 was a significant day for anyone invested in Torchlight Energy Resources (NASDAQ: TRCH ). Torchlight Energy Resources Stock Appears To Be Significantly Overvaluedīecause Torchlight Energy Resources is significantly overvalued, the long-term return of its stock is likely to be much lower than its future business growth. Warning! GuruFocus has detected 8 Warning Signs with TRCH. GF Value for Torchlight Energy Resources is shown in the chart below. At its current price of $1.85 per share and the market cap of $268.8 million, Torchlight Energy Resources stock shows every sign of being significantly overvalued. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. ![]() The stock of Torchlight Energy Resources ( NAS:TRCH, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation. ![]()
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