![]() His Substack newsletter, TLV Strategist, covers the Israel business scene. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. ![]() the company is still in start-up mode, and it may take years before Meta Materials. the prototype still needs to go through studies. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Meta Materials (MMAT 8.38) stock crashed as. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The company’s main focus has historically been on the acquisition and development of highly profitable domestic oil fields, with interests in Texas, including the Permian Basin and the Eagle Ford Shale. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered by scientists to exhibit new or enhanced properties.įor TRCH stock investors, the new focus adds an unfamiliar dimension to what had been an oil and gas exploration and production company based out of Plano, Texas, with a total of four full-time employees. Metamaterials are a subset of functional materials, according to the company. According to a new 8-K filing, on July 20, 2023, the. ![]() Securities and Exchange Commission in the form of a Wells Notice. “We are very excited to showcase how metamaterials ‘go beyond’ conventional materials and chemistry, to offer new and highly sustainable solutions with semiconductor precision, at kilometer scale.” After the close of regular trading on Thursday, shares of Meta Materials, which trades under ticker symbol MMAT, surged as much as 25, following a 4.8 gain during market hours. Last week, Meta Materials (NASDAQ: MMAT) received some bad news from the U.S. “After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the world’s premier exchange for technology companies,” noted George Palikaras, the company’s founding president and CEO. MMAT Stock Overview Revenue is forecast to grow 100.08 per year Has less than 1 year of cash runway Currently unprofitable and not forecast to become. MMAT Stock Is First of Its Type on Nasdaq ![]()
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