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Touchstone Exploration (TSE:TXP) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Touchstone Exploration logo with Energy background
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Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.51 and traded as low as C$0.39. Touchstone Exploration shares last traded at C$0.40, with a volume of 208,500 shares changing hands.

Touchstone Exploration Stock Up 2.6 %

The business's 50 day moving average is C$0.44 and its 200-day moving average is C$0.51. 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 capitalization of C$67.26 million, a price-to-earnings ratio of -7.65, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

Touchstone Exploration Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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