Touchstone Exploration (TSE:TXP) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Touchstone Exploration Inc. (TSE:TXP) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.19 and traded as low as C$0.13. Touchstone Exploration shares last traded at C$0.13, with a volume of 1,025,700 shares.

Touchstone Exploration Stock Down 3.7%

The stock’s 50 day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.26. The firm has a market cap of C$42.22 million, a P/E ratio of -13.00, a P/E/G ratio of 4.01 and a beta of 1.22. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.83 and a quick ratio of 0.69.

Touchstone Exploration (TSE:TXP) last issued its quarterly earnings results on Thursday, November 13th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$13.81 million during the quarter. Touchstone Exploration had a negative return on equity of 19.06% and a negative net margin of 20.31%. As a group, research analysts forecast that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current 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.