A tiny oil driller has surged 249% in just 6 days as a newly minted meme stock amid Reddit speculation of a short squeeze

Jun 21 2021 by Business Insider

 
Anton Petrus/Getty Images

Anton Petrus/Getty Images

Torchlight surged 249% in just six days of trading amid retail-trader interest. Retail traders touted opportunity for profit in the stock with the dividend or a short squeeze. The Texas oil driller extended the deadline to merge with Metamaterial in order to pay out a dividend. See more stories on Insider's business page.

Shares of a tiny Texas oil driller have more than tripled in price in a week amid hype from retail investors around a...

Continue Reading A tiny oil driller has surged 249% in just 6 days as a newly minted meme stock amid Reddit speculation of a short squeeze