Touchstone Exploration (TSE:TXP) Hits New 12-Month Low - Time to Sell?

Key Points

• Touchstone Exploration Inc. shares hit a new 12-month low of C$0.23, down from a previous close of C$0.24, with a trading volume of 341,085 shares.
• The company has a debt-to-equity ratio of 42.94 and a market capitalization of C$58.75 million.
• Touchstone Exploration operates primarily in the Republic of Trinidad and Tobago, focusing on the exploration and production of hydrocarbons in southern Trinidad.

Touchstone Exploration Inc. (TSE:TXP - ) shares reached a new 52-week low on Monday . The company traded as low as C$0.23 and last traded at C$0.23, with a volume of 341085 shares. The stock had previously closed at C$0.24.

Touchstone Exploration Price Performance

The company has a debt-to-equity ratio of 42.94, a current ratio of 0.83 and a quick ratio of 0.69. The company has a market cap of C$58.75 million, a P/E ratio of 22.50, a P/E/G ratio of 4.01 and a beta of 1.31. The company's 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.32.

Touchstone Exploration Company Profile

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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