Kenneth Richard Mckinnon Acquires 865,000 Shares of Touchstone Exploration (TSE:TXP) Stock

Touchstone Exploration Inc. (TSE:TXP) Director Kenneth Richard Mckinnon bought 865,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$103,800.00. Following the purchase, the director directly owned 1,891,888 shares in the company, valued at approximately C$227,026.56. This represents a 84.24% increase in their position.

Kenneth Richard Mckinnon also recently made the following trade(s):

• On Monday, November 17th, Kenneth Richard Mckinnon purchased 5,000 shares of Touchstone Exploration stock. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$600.00.

Touchstone Exploration Stock Down 3.4%

Shares of TSE TXP traded down C$0.01 during midday trading on Friday, reaching C$0.14. The company’s stock had a trading volume of 61,250 shares, compared to its average volume of 190,525. The stock has a 50 day simple moving average of C$0.18 and a 200-day simple moving average of C$0.25. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94. The stock has a market capitalization of C$45.46 million, a price-to-earnings ratio of -14.00, a PEG ratio of 4.01 and a beta of 1.22. Touchstone Exploration Inc. has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.52.

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

Touchstone Exploration Company Profile

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.