Touchstone Exploration (TSE:TXP) Shares Pass Above 50 Day Moving Average – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.59 and traded as high as C$0.60. Touchstone Exploration shares last traded at C$0.59, with a volume of 641,655 shares trading hands.

Touchstone Exploration Price Performance

The company has a debt-to-equity ratio of 52.03, a current ratio of 0.88 and a quick ratio of 0.69. The business’s 50 day moving average price is C$0.59 and its 200 day moving average price is C$0.58. The stock has a market capitalization of C$132.40 million, a P/E ratio of -6.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

Touchstone Exploration (TSE:TXP) last announced its earnings results on Tuesday, August 13th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$14.42 million during the quarter. Touchstone Exploration had a negative net margin of 27.43% and a negative return on equity of 18.11%. Sell-side analysts forecast that Touchstone Exploration Inc. will post 0.0647727 EPS for the current year.

Touchstone Exploration Company Profile

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.