Touchstone Exploration (TSE:TXP) Shares Up 8.8% – Still a Buy?

Touchstone Exploration Inc. (TSE:TXP) rose 8.8% during mid-day trading on Tuesday. The company traded as high as C$0.20 and last traded at C$0.18. Approximately 97,929 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 236,305 shares. The stock had previously closed at C$0.17.

Touchstone Exploration Price Performance

The company has a debt-to-equity ratio of 76.60, a current ratio of 0.57 and a quick ratio of 0.69. The firm has a market cap of C$83.81 million, a price-to-earnings ratio of 4.75, a price-to-earnings-growth ratio of 4.01 and a beta of -0.33. The stock’s fifty day moving average price is C$0.16 and its 200-day moving average price is C$0.15.

Touchstone Exploration (TSE:TXP) last issued its quarterly earnings results on Friday, August 14th. The company reported C$0.01 earnings per share for the quarter. Touchstone Exploration had a return on equity of 13.03% and a net margin of 24.82%. The business had revenue of C$18.80 million for the quarter. Equities research analysts predict that Touchstone Exploration Inc. will post 0.06 EPS for the current fiscal year.

About Touchstone Exploration

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.