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

Key Points

• Touchstone Exploration Inc.'s stock price recently crossed above its fifty-day moving average, trading at C$0.27 after reaching a high of C$0.28.
• The company has a market capitalization of C$70.50 million and a debt-to-equity ratio of 42.94, indicating potential financial risks.
• Touchstone Exploration is primarily involved in the exploration and production of hydrocarbons in Trinidad, with extensive interests in onshore reservoirs over approximately 90,000 gross acres.

Touchstone Exploration Inc. (TSE:TXP - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.26 and traded as high as C$0.28. Touchstone Exploration shares last traded at C$0.27, with a volume of 18,100 shares changing hands.

Touchstone Exploration Stock Performance

The stock has a fifty day moving average of C$0.26 and a 200-day moving average of C$0.34. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83. The company has a market cap of C$70.50 million, a PE ratio of 27.00, a PEG ratio of 4.01 and a beta of 1.49.

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.