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Touchstone Exploration (TSE:TXP) Stock Passes Above 50 Day Moving Average - Time to Sell?

Touchstone Exploration logo with Energy background

Shares of Touchstone Exploration Inc. (TSE:TXP - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.58 and traded as high as C$0.61. Touchstone Exploration shares last traded at C$0.60, with a volume of 150,375 shares trading hands.

Touchstone Exploration Stock Up 3.3 %

The firm has a market cap of C$146.59 million, a price-to-earnings ratio of -7.50, a P/E/G ratio of 4.01 and a beta of 0.70. 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 50-day moving average of C$0.58 and a 200-day moving average of C$0.59.

Touchstone Exploration (TSE:TXP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.01 EPS for the quarter. Touchstone Exploration had a negative return on equity of 18.11% and a negative net margin of 27.43%. The company had revenue of C$14.42 million for the quarter. Sell-side analysts predict that Touchstone Exploration Inc. will post 0.0647727 EPS for the current fiscal year.

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.

Further Reading

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