Touchstone Exploration (TSE:TXP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Touchstone Exploration Inc. (TSE:TXP)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.60 and traded as low as C$0.56. Touchstone Exploration shares last traded at C$0.58, with a volume of 61,500 shares changing hands.

Touchstone Exploration Trading Up 3.6 %

The company has a 50 day moving average of C$0.58 and a 200 day moving average of C$0.60. The firm has a market cap of C$137.13 million, a P/E ratio of -7.25, a PEG ratio of 4.01 and a beta of 0.70. The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.69 and a current ratio of 0.88.

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

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. The company was formerly known as Petrobank Energy and Resources Ltd.