Touchstone Exploration (TSE:TXP) Trading Up 15% – Should You Buy?

Touchstone Exploration Inc. (TSE:TXPGet Free Report) shares were up 15% on Friday . The company traded as high as C$0.46 and last traded at C$0.46. Approximately 94,154 shares traded hands during trading, a decline of 9% from the average daily volume of 103,592 shares. The stock had previously closed at C$0.40.

Touchstone Exploration Price Performance

The company has a market cap of C$100.48 million, a price-to-earnings ratio of -5.38, a P/E/G ratio of 4.01 and a beta of 0.70. The stock has a fifty day moving average price of C$0.55 and a two-hundred day moving average price of C$0.56. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 52.03.

Touchstone Exploration Company Profile

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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.

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