Touchstone Exploration (TSE:TXP) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Touchstone Exploration Inc. (TSE:TXP)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.13 and traded as high as C$0.14. Touchstone Exploration shares last traded at C$0.13, with a volume of 474,487 shares changing hands.

Touchstone Exploration Price Performance

The stock has a market capitalization of C$45.68 million, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 4.01 and a beta of -0.08. The company has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.16. The company has a quick ratio of 0.69, a current ratio of 0.52 and a debt-to-equity ratio of 76.63.

Touchstone Exploration (TSE:TXP) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) earnings per share for the quarter. Touchstone Exploration had a return on equity of 10.28% and a net margin of 19.13%.The company had revenue of C$13.19 million for the quarter. As a group, equities research analysts forecast that Touchstone Exploration Inc. will post 0.0647727 EPS for the current fiscal year.

About Touchstone Exploration

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.