Soaring Torchlight outshines 'memes'; Orphazyme tumbles again

Meta Materials

21/06/2021 15:17

(Updates prices after market open)
    ** Torchlight Energy  TRCH.O  shares up 45.8% at $9.14 after
rising as high $10.88 in frenzied trading volume on Monday 
    ** TRCH stock had already more than doubled last week after
company announced special dividend, gaining favor with
small-time investors on online discussion forums such as
Reddit's WallStreetBets  urn:newsml:reuters.com:*:nL2N2NX1PH
    ** Company features on popular list of "top growing stocks
of the week" on Reddit (https://bit.ly/35D7KAn)
    ** Long-term meme stocks were having quieter sessions so far
with cinema operator AMC Entertainment Holdings Inc  AMC.N  down
0.3% and video game retailer GameStop Corp  GME.N  down 2.7%
    ** Rally in AMC, GME slowed somewhat in recent days after a
bout of frenzied trading in May
    ** Shares in other Reddit darlings also suffer with Clover
Health Investments Corp  CLOV.O  down 5.1% and Clean Energy
Fuels  CLNE.O  down 7.0% 
    ** Orphazyme's U.S. shares  ORPH.O , recently a favorite on
social media, were down 9.7%, stock had tumbled last week after
the Danish drugmaker's genetic disorder drug candidate fails to
win approval U.S. FDA  urn:newsml:reuters.com:*:nL5N2O02IL
    ** Koss Corp  KOSS.O   Corsair Gaming Inc  CRSR.O  were
basically flat

 (Reporting by Sagarika Jaisinghani in Bengaluru, Sinéad Carew
in New York)
 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))