Touchstone Exploration (TSE:TXP) Stock Crosses Above 50-Day Moving Average of $0.57

Shares of Touchstone Exploration Inc. (TSE:TXP) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.57 and traded as high as C$0.61. Touchstone Exploration shares last traded at C$0.61, with a volume of 29,600 shares trading hands.

Touchstone Exploration Price Performance

The firm has a 50 day moving average price of C$0.57 and a 200 day moving average price of C$0.67. The stock has a market capitalization of C$144.22 million, a PE ratio of -7.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03.

Touchstone Exploration (TSE:TXP) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.01 EPS for the quarter. Touchstone Exploration had a negative return on equity of 18.11% and a negative net margin of 27.43%. The business had revenue of C$14.42 million during the quarter. Research analysts anticipate that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current year.

Insiders Place Their Bets

In other Touchstone Exploration news, Senior Officer Christopher Scott Budau sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of C$0.55, for a total value of C$30,250.00. 10.88% of the stock is owned by company insiders.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block and development production on four lease operatorship properties.