Touchstone Exploration (TSE:TXP) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Touchstone Exploration Inc. (TSE:TXP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.18 and traded as low as C$0.17. Touchstone Exploration shares last traded at C$0.18, with a volume of 615,152 shares.

Touchstone Exploration Stock Down 2.8%

The company has a market capitalization of C$56.83 million, a P/E ratio of 4.38, a PEG ratio of 4.01 and a beta of -0.03. The firm’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.18. The company has a current ratio of 0.61, a quick ratio of 0.69 and a debt-to-equity ratio of 61.54.

Touchstone Exploration (TSE:TXP) last issued its quarterly earnings results on Tuesday, March 31st. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$10.66 million during the quarter. Touchstone Exploration had a net margin of 23.53% and a return on equity of 14.13%. Equities research analysts forecast that Touchstone Exploration Inc. will post 0.0647727 EPS for the current year.

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.