Touchstone Exploration (TSE:TXP) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Touchstone Exploration Inc. (TSE:TXP) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.18 and traded as high as C$0.20. Touchstone Exploration shares last traded at C$0.20, with a volume of 249,449 shares changing hands.

Touchstone Exploration Stock Up 2.6%

The company has a quick ratio of 0.69, a current ratio of 0.59 and a debt-to-equity ratio of 87.79. The company’s fifty day moving average is C$0.18 and its 200-day moving average is C$0.19. The company has a market cap of C$64.95 million, a PE ratio of -20.00, a PEG ratio of 4.01 and a beta of 0.31.

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.