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Touchstone Exploration (TSE:TXP) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Touchstone Exploration logo with Energy background

Shares of Touchstone Exploration Inc. (TSE:TXP - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.38 and traded as low as C$0.36. Touchstone Exploration shares last traded at C$0.36, with a volume of 39,500 shares.

Touchstone Exploration Stock Performance

The firm has a market capitalization of C$60.53 million, a PE ratio of -6.88, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. 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 business's fifty day simple moving average is C$0.38 and its 200-day simple moving average is C$0.44.

Touchstone Exploration Company Profile

(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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