Touchstone Exploration (TSE:TXP) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Touchstone Exploration Inc. (TSE:TXPGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.49 and traded as low as C$0.41. Touchstone Exploration shares last traded at C$0.41, with a volume of 9,863 shares.

Touchstone Exploration Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 42.94. The company’s 50-day simple moving average is C$0.42 and its 200 day simple moving average is C$0.49. The company has a market capitalization of C$68.94 million, a P/E ratio of -7.84, a P/E/G ratio of 4.01 and a beta of 0.70.

About Touchstone Exploration

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Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.

Further Reading

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