Touchstone Exploration (TSE:TXP) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Touchstone Exploration Inc. (TSE:TXP) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.13 and traded as high as C$0.14. Touchstone Exploration shares last traded at C$0.14, with a volume of 219,000 shares.

Touchstone Exploration Price Performance

The business has a fifty day moving average price of C$0.13 and a 200-day moving average price of C$0.16. The company has a current ratio of 0.52, a quick ratio of 0.69 and a debt-to-equity ratio of 76.63. The stock has a market capitalization of C$47.43 million, a PE ratio of 4.50, a PEG ratio of 4.01 and a beta of -0.08.

Touchstone Exploration (TSE:TXP) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$13.19 million for the quarter. Touchstone Exploration had a net margin of 19.13% and a return on equity of 10.28%. Research analysts expect that Touchstone Exploration Inc. will post 0.0647727 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.