Touchstone Exploration (TSE:TXP) Hits New 52-Week Low - What's Next?

Key Points

• Touchstone Exploration Inc. (TSE:TXP) shares reached a new 52-week low of C$0.21, down 2.3% from the previous close of C$0.22.
• The company has a market capitalization of approximately C$54.83 million and significant financial metrics, including a debt-to-equity ratio of 42.94.
• Active in the Republic of Trinidad and Tobago, Touchstone focuses on the exploration and production of hydrocarbons in onshore reservoirs across around 90,000 gross acres.

Touchstone Exploration Inc. (TSE:TXP - ) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.21 and last traded at C$0.21, with a volume of 41500 shares. The stock had previously closed at C$0.22.

Touchstone Exploration Stock Down 2.3%

The firm has a market capitalization of C$54.83 million, a price-to-earnings ratio of 21.00, a P/E/G ratio of 4.01 and a beta of 1.31. The business has a 50 day simple moving average of C$0.25 and a 200-day simple moving average of C$0.31. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83.

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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