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Touchstone Exploration (TSE:TXP) Stock Passes Below 200-Day Moving Average - What's Next?

Touchstone Exploration logo with Energy background

Touchstone Exploration Inc. (TSE:TXP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-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 Performance

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

About Touchstone Exploration

(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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