Touchstone Exploration (TSE:TXP) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Touchstone Exploration's stock price has surpassed its 50-day moving average of C$0.26, reaching a high of C$0.27 during trading.
• The company's current market cap is C$67.89 million, with a P/E ratio of 26.00 and a debt-to-equity ratio of 42.94.
• Touchstone Exploration is primarily focused on the exploration and production of hydrocarbons in Trinidad and Tobago, holding approximately 90,000 gross acres of exploration rights.

Touchstone Exploration Inc. (TSE:TXP - )'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.26 and traded as high as C$0.27. Touchstone Exploration shares last traded at C$0.26, with a volume of 92,741 shares trading hands.

Touchstone Exploration Stock Down 1.9%

The firm's 50 day moving average price is C$0.26 and its two-hundred day moving average price is C$0.33. The company has a market cap of C$67.89 million, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 4.01 and a beta of 1.49. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83.

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.

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