Touchstone Exploration (TSE:TXP) Trading Down 2.4% – Here’s What Happened

Touchstone Exploration Inc. (TSE:TXP)’s stock price fell 2.4% on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. 285,978 shares changed hands during trading, a decline of 16% from the average session volume of 339,694 shares. The stock had previously closed at C$0.21.

Touchstone Exploration Stock Performance

The stock has a market cap of C$68.19 million, a price-to-earnings ratio of -21.00, a P/E/G ratio of 4.01 and a beta of 0.31. The firm’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.19. The company has a current ratio of 0.59, a quick ratio of 0.69 and a debt-to-equity ratio of 87.79.

Touchstone Exploration Company Profile

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.