Touchstone Exploration (TSE:TXP) Trading Down 21.2% – Here’s Why

Touchstone Exploration Inc. (TSE:TXP)’s share price traded down 21.2% during trading on Thursday . The company traded as low as C$0.12 and last traded at C$0.13. 660,897 shares traded hands during trading, an increase of 113% from the average session volume of 310,441 shares. The stock had previously closed at C$0.17.

Touchstone Exploration Price Performance

The company has a debt-to-equity ratio of 61.54, a quick ratio of 0.69 and a current ratio of 0.61. The firm has a fifty day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.17. The firm has a market cap of C$43.84 million, a PE ratio of 3.38, a PEG ratio of 4.01 and a beta of 0.07.

Touchstone Exploration (TSE:TXP) last posted its earnings results on Tuesday, March 31st. The company reported C$0.06 EPS for the quarter. Touchstone Exploration had a return on equity of 14.13% and a net margin of 23.53%.The firm had revenue of C$10.66 million during the quarter. Equities analysts predict that Touchstone Exploration Inc. will post 0.0647727 EPS for the current fiscal 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. 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.