Touchstone Exploration (TSE:TXP) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.18 and traded as high as C$0.22. Touchstone Exploration shares last traded at C$0.20, with a volume of 53,070 shares trading hands.

Touchstone Exploration Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.69 and a debt-to-equity ratio of 87.79. The company has a 50 day simple moving average of C$0.18 and a 200 day simple moving average of C$0.19. The stock has a market cap of C$64.95 million, a P/E ratio of -20.00, a PEG ratio of 4.01 and a beta of 0.31.

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.