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Touchstone Exploration (TSE:TXP) Hits New 1-Year Low - Here's Why

Touchstone Exploration logo with Energy background

Shares of Touchstone Exploration Inc. (TSE:TXP - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.26 and last traded at C$0.30, with a volume of 862099 shares trading hands. The stock had previously closed at C$0.37.

Touchstone Exploration Trading Down 17.8%

The company has a 50 day moving average of C$0.37 and a 200 day moving average of C$0.40. The firm has a market cap of C$50.44 million, a price-to-earnings ratio of -5.73, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94.

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.

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