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

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$0.60 and traded as low as C$0.56. Touchstone Exploration shares last traded at C$0.58, with a volume of 61,500 shares traded.

Touchstone Exploration Price Performance

The company has a market capitalization of C$137.13 million, a P/E ratio of -7.25, a price-to-earnings-growth 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 company has a fifty day moving average price of C$0.58 and a 200 day moving average price of C$0.60.

Touchstone Exploration (TSE:TXP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$14.42 million during the quarter. Touchstone Exploration had a negative return on equity of 18.11% and a negative net margin of 27.43%. On average, sell-side analysts forecast 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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