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Touchstone Exploration (TSE:TXP) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Touchstone Exploration logo with Energy background

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.55 and traded as low as C$0.45. Touchstone Exploration shares last traded at C$0.46, with a volume of 70,500 shares trading hands.

Touchstone Exploration Price Performance

The stock has a fifty day simple moving average of C$0.50 and a 200-day simple moving average of C$0.55. The company has a market capitalization of C$105.21 million, a PE ratio of -5.56, 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.

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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