Touchstone Exploration (TSE:TXP) Trading Down 21.2% – Here’s Why

Shares of Touchstone Exploration Inc. (TSE:TXP) were down 21.2% on Thursday . The stock traded as low as C$0.12 and last traded at C$0.13. Approximately 660,897 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 310,441 shares. The stock had previously closed at C$0.17.

Touchstone Exploration Stock Performance

The stock has a market cap of C$43.84 million, a P/E ratio of 3.38, a PEG ratio of 4.01 and a beta of 0.07. The company has a debt-to-equity ratio of 61.54, a current ratio of 0.61 and a quick ratio of 0.69. The firm’s 50-day moving average price is C$0.19 and its 200-day moving average price is C$0.17.

Touchstone Exploration (TSE:TXP) last issued its earnings results on Tuesday, March 31st. The company reported C$0.06 earnings per share for the quarter. The firm had revenue of C$10.66 million during the quarter. Touchstone Exploration had a net margin of 23.53% and a return on equity of 14.13%. Sell-side analysts expect that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current fiscal year.

Touchstone Exploration Company Profile

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.