Touchstone Exploration (TSE:TXP) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Touchstone Exploration Inc. (TSE:TXPGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.54 and traded as low as C$0.48. Touchstone Exploration shares last traded at C$0.50, with a volume of 44,845 shares traded.

Touchstone Exploration Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03. The stock’s 50 day moving average is C$0.48 and its 200 day moving average is C$0.54. The stock has a market capitalization of C$118.22 million, a price-to-earnings ratio of -6.25, a PEG ratio of 4.01 and a beta of 0.70.

Touchstone Exploration Company Profile

(Get Free Report)

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.

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