Touchstone Exploration (TSE:TXP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Touchstone Exploration Inc. (TSE:TXPGet Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.54 and traded as low as C$0.48. Touchstone Exploration shares last traded at C$0.50, with a volume of 44,845 shares.

Touchstone Exploration Stock Up 2.0 %

The business’s 50-day simple moving average is C$0.48 and its 200 day simple moving average is C$0.54. The firm has a market cap of C$118.22 million, a PE ratio of -6.25, a P/E/G ratio of 4.01 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03.

About Touchstone Exploration

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Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.

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