Touchstone Exploration (TSE:TXP) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Touchstone Exploration Inc. (TSE:TXP)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$0.16 and traded as high as C$0.17. Touchstone Exploration shares last traded at C$0.17, with a volume of 27,000 shares.

Touchstone Exploration Price Performance

The company has a 50 day moving average price of C$0.16 and a two-hundred day moving average price of C$0.15. The company has a debt-to-equity ratio of 76.60, a current ratio of 0.57 and a quick ratio of 0.69. The stock has a market cap of C$72.79 million, a PE ratio of 4.12, a PEG ratio of 4.01 and a beta of -0.33.

Touchstone Exploration (TSE:TXP) last released its quarterly earnings data on Friday, August 14th. The company reported C$0.01 EPS for the quarter. Touchstone Exploration had a return on equity of 13.03% and a net margin of 24.82%.The company had revenue of C$18.80 million for the quarter. Analysts expect that Touchstone Exploration Inc. will post 0.0647727 EPS for the current year.

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. 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.