Touchstone Exploration (TSE:TXP) Releases Earnings Results

Touchstone Exploration (TSE:TXP) issued its quarterly earnings results on Friday. The company reported C$0.01 EPS for the quarter, FiscalAI reports. The firm had revenue of C$18.80 million for the quarter. Touchstone Exploration had a return on equity of 13.03% and a net margin of 24.82%.

Touchstone Exploration Trading Up 6.5%

Shares of TXP stock opened at C$0.17 on Friday. The company’s fifty day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.16. The company has a debt-to-equity ratio of 76.60, a current ratio of 0.57 and a quick ratio of 0.69. Touchstone Exploration has a 1 year low of C$0.11 and a 1 year high of C$0.29. The stock has a market capitalization of C$57.98 million, a price-to-earnings ratio of 5.50, a PEG ratio of 4.01 and a beta of -0.15.

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.