Touchstone Exploration (TSE:TXP) Shares Cross Below 200 Day Moving Average – Here’s Why

Touchstone Exploration Inc. (TSE:TXPGet Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.52 and traded as low as C$0.41. Touchstone Exploration shares last traded at C$0.42, with a volume of 50,500 shares traded.

Touchstone Exploration Trading Down 1.2 %

The company has a market cap of C$69.78 million, a P/E ratio of -7.93, a PEG ratio of 4.01 and a beta of 0.70. The stock’s 50 day moving average is C$0.44 and its 200-day moving average is C$0.52. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94.

About Touchstone Exploration

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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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