Touchstone Exploration (TSE:TXP) Reaches New 12-Month Low – What’s Next?

Touchstone Exploration Inc. (TSE:TXPGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.52 and last traded at C$0.53, with a volume of 517600 shares trading hands. The stock had previously closed at C$0.54.

Touchstone Exploration Trading Down 3.7 %

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 52.03. The stock’s fifty day moving average price is C$0.58 and its two-hundred day moving average price is C$0.58. The company has a market capitalization of C$122.94 million, a PE ratio of -6.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

About Touchstone Exploration

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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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