Touchstone Exploration (TSE:TXP) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Touchstone Exploration Inc. shares have fallen below their 50-day moving average of C$0.26, trading as low as C$0.22, with the last trade at C$0.23.
• The company holds approximately 90,000 gross acres of exploration and development rights in southern Trinidad, emphasizing its focus on hydrocarbons in onshore reservoirs.
• Touchstone Exploration's financials reveal a market capitalization of C$58.75 million and a debt-to-equity ratio of 42.94, indicating a significant level of debt compared to equity.

Shares of Touchstone Exploration Inc. (TSE:TXP - ) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.26 and traded as low as C$0.22. Touchstone Exploration shares last traded at C$0.23, with a volume of 449,185 shares traded.

Touchstone Exploration Stock Performance

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's 50-day moving average is C$0.26 and its two-hundred day moving average is C$0.31. The company has a market capitalization of C$58.75 million, a P/E ratio of 22.50, a PEG ratio of 4.01 and a beta of 1.31.

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.

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