Touchstone Exploration (TSE:TXP) Stock Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Touchstone Exploration Inc. (TSE:TXP) has seen its stock price surpass the 50-day moving average, reaching C$0.27 during trading, up from the average of C$0.26.
• The company, with a market capitalization of C$69.19 million, has a relatively high PE ratio of 26.50 and a beta value of 1.49, indicating higher volatility in comparison to the market.
• Touchstone is primarily involved in the exploration and production of hydrocarbons in Trinidad and Tobago, holding approximately 90,000 gross acres of exploration and development rights in southern Trinidad.

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . 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$0.27, with a volume of 20,764 shares.

Touchstone Exploration Price Performance

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 firm 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. The stock has a fifty day moving average price of C$0.26 and a 200-day moving average price of C$0.33.

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.