Touchstone Exploration (TSE:TXP) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.38 and traded as low as C$0.35. Touchstone Exploration shares last traded at C$0.35, with a volume of 20,000 shares.

Touchstone Exploration Trading Down 2.8%

The company has a market capitalization of C$58.85 million, a price-to-earnings ratio of -6.69, a P/E/G ratio of 4.01 and a beta of 0.70. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.83 and a quick ratio of 0.69. The business’s 50-day moving average price is C$0.38 and its two-hundred day moving average price is C$0.44.

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.