Touchstone Exploration (TSE:TXP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Touchstone Exploration Inc. (TSE:TXPGet Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.54 and traded as low as C$0.48. Touchstone Exploration shares last traded at C$0.50, with a volume of 44,845 shares changing hands.

Touchstone Exploration Trading Up 2.0 %

The business’s 50-day moving average is C$0.48 and its two-hundred day moving average is C$0.54. 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 stock has a market capitalization of C$118.22 million, a PE ratio of -6.25, 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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