Touchstone Exploration (TSE:TXP) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.38 and traded as low as C$0.35. Touchstone Exploration shares last traded at C$0.35, with a volume of 20,000 shares trading hands.

Touchstone Exploration Trading Up 1.4%

The business has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.43. The stock has a market capitalization of C$58.85 million, a price-to-earnings ratio of -6.69, a PEG ratio of 4.01 and a beta of 0.70. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.83 and a quick ratio of 0.69.

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.