Touchstone Exploration (TSE:TXP) Trading Up 11.4% – Here’s Why

Touchstone Exploration Inc. (TSE:TXP)’s share price shot up 11.4% during mid-day trading on Thursday . The stock traded as high as C$0.20 and last traded at C$0.20. 276,983 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 290,996 shares. The stock had previously closed at C$0.18.

Touchstone Exploration Stock Up 22.9%

The firm has a market capitalization of C$69.82 million, a PE ratio of -21.50, a PEG ratio of 4.01 and a beta of 0.91. The company has a debt-to-equity ratio of 87.79, a quick ratio of 0.69 and a current ratio of 0.59. The company has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.20.

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. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.