Jeffrey Wood Buys 97,000 Shares of Touchstone Exploration (TSE:TXP) Stock

Key Points

• Jeffrey Wood, an insider at Touchstone Exploration Inc. (TSE:TXP), has acquired 97,000 shares at an average price of C$0.22, increasing his ownership by 9.39%.
• After the purchase, Wood's total holding reached approximately C$248,556, reflecting a continued investment in the company.
• The current market valuation of Touchstone Exploration stands at C$56.14 million, with its stock trading around C$0.22, experiencing a slight decline in recent trading.

Touchstone Exploration Inc. (TSE:TXP - ) insider Jeffrey Wood purchased 97,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average cost of C$0.22 per share, for a total transaction of C$21,340.00. Following the acquisition, the insider owned 1,129,800 shares of the company's stock, valued at approximately C$248,556. The trade was a 9.39% increase in their ownership of the stock.

Touchstone Exploration Price Performance

Shares of TSE:TXP traded down C$0.01 during trading on Wednesday, hitting C$0.22. 328,472 shares of the stock were exchanged, compared to its average volume of 104,345. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94. Touchstone Exploration Inc. has a 12-month low of C$0.21 and a 12-month high of C$0.69. The company has a market cap of C$56.14 million, a PE ratio of 21.50, a P/E/G ratio of 4.01 and a beta of 1.31. The company has a fifty day moving average price of C$0.25 and a two-hundred day moving average price of C$0.30.

About Touchstone Exploration

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.

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