Touchstone Exploration (TSE:TXP) Share Price Passes Below 50 Day Moving Average - What's Next?

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.37 and traded as low as C$0.37. Touchstone Exploration shares last traded at C$0.37, with a volume of 30,440 shares traded.

Touchstone Exploration Stock Down 1.4%

The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 42.94. The company has a 50-day simple moving average of C$0.37 and a two-hundred day simple moving average of C$0.42. The stock has a market cap of C$59.69 million, a P/E ratio of -6.79, a P/E/G ratio of 4.01 and a beta of 0.70.

Touchstone Exploration Company Profile

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.