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

Touchstone Exploration Inc. (TSE:TXP - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.59 and traded as high as C$0.60. Touchstone Exploration shares last traded at C$0.59, with a volume of 641,655 shares changing hands.

Touchstone Exploration Stock Down 8.5 %

The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.69 and a current ratio of 0.88. The company's 50-day moving average price is C$0.59 and its 200 day moving average price is C$0.58. The stock has a market capitalization of C$127.67 million, a P/E ratio of -6.75, a P/E/G ratio of 4.01 and a beta of 0.70.

Touchstone Exploration (TSE:TXP - Get Free Report) last announced its quarterly earnings data 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 business had revenue of C$14.42 million for the quarter. As a group, equities analysts expect that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current year.

Touchstone Exploration Company Profile

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.