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Touchstone Exploration (TSE:TXP) Share Price Passes Below Fifty Day Moving Average - Here's What Happened

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 trading hands.

Touchstone Exploration Trading Down 2.7%

The company has a market cap of C$60.53 million, a P/E ratio of -6.88, a P/E/G ratio of 4.01 and a beta of 0.70. The business's 50-day moving average price is C$0.38 and its 200 day moving average price is C$0.44. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83.

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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