Touchstone Exploration (TSE:TXP) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Touchstone Exploration Inc. (TSE:TXPGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.16 and traded as low as C$0.16. Touchstone Exploration shares last traded at C$0.17, with a volume of 82,941 shares changing hands.

Touchstone Exploration Stock Performance

The company has a debt-to-equity ratio of 76.60, a quick ratio of 0.69 and a current ratio of 0.57. The company has a market cap of C$72.79 million, a P/E ratio of 4.12, a P/E/G ratio of 4.01 and a beta of -0.15. The firm has a 50 day moving average price of C$0.14 and a 200-day moving average price of C$0.16.

Touchstone Exploration (TSE:TXPGet Free Report) last announced its earnings results on Friday, August 14th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$18.80 million for the quarter. Touchstone Exploration had a net margin of 24.82% and a return on equity of 13.03%. On average, research analysts predict that Touchstone Exploration Inc. will post 0.0647727 EPS for the current year.

About Touchstone Exploration

(Get Free Report)

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.

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