Touchstone Exploration (TSE:TXP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Touchstone Exploration Inc. (TSE:TXPGet Free Report) shares crossed 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 firm has a market capitalization of C$107.58 million, a P/E ratio of -5.69, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The business has a 50-day moving average of C$0.50 and a 200 day moving average of C$0.55. 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

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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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