Torchlight Energy Resources, Inc.: Torchlight Regains Compliance With Nasdaq Listing Requirements
PLANO, TX / ACCESSWIRE / January 25, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH)
("Torchlight" or the "Company"), today announced receipt of a letter from The Nasdaq Stock Market ("Nasdaq") stating that the Company has regained compliance with Listing Rule 5550(a)(2), the $1.00 minimum bid price listing requirement. Accordingly, Torchlight has been removed from Nasdaq's non-compliance list, and the matter is now closed.
"We are pleased that Torchlight has regained compliance with the Nasdaq's listing requirements," stated John Brda, CEO of Torchlight. "This is very positive for Torchlight stockholders."
About Torchlight Energy
Torchlight Energy Resources, Inc. (NASDAQ:TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.