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Touchstone Exploration (TSE:TXP) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Touchstone Exploration logo with Energy background

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.39 and traded as high as C$0.40. Touchstone Exploration shares last traded at C$0.37, with a volume of 189,088 shares changing hands.

Touchstone Exploration Stock Performance

The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94. The stock has a market cap of C$61.37 million, a P/E ratio of -6.98, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The business's fifty day simple moving average is C$0.39 and its 200 day simple moving average is C$0.45.

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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