Touchstone Exploration (TSE:TXP) Sets New 12-Month Low - Should You Sell?

Key Points

• Touchstone Exploration's share price hit a new 52-week low of C$0.22 during trading, closing at C$0.23.
• The company has a market capitalization of C$58.75 million and a price-to-earnings ratio of 22.50, indicating unusual volatility in its stock performance.
• Touchstone Exploration is primarily engaged in the exploration and production of hydrocarbons in Trinidad and Tobago, holding around 90,000 gross acres in development rights.

Touchstone Exploration Inc. (TSE:TXP - )'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.23, with a volume of 339685 shares traded. The stock had previously closed at C$0.24.

Touchstone Exploration Stock Performance

The company has a market capitalization of C$58.75 million, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 4.01 and a beta of 1.31. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83. The company's fifty day simple moving average is C$0.26 and its two-hundred day simple moving average is C$0.31.

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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