TRCH is constantly manipulated by short sellers. Check out the website of volumebot for aggregate Short Volume Data Reported to FINRA (I have found this website to be a real revelation - finally daily short figures).
My opinion is the shorts are in the drivers seat as to TRCH stock price and will be until there is game changing news such as a major oil discovery in the Orogrande basin by TRCH or a partnership/buy-in with a much larger operator.