Touchstone Exploration (TSE:TXP) Announces Earnings Results

Touchstone Exploration (TSE:TXP) posted its earnings results on Friday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$18.80 million for the quarter. Touchstone Exploration had a net margin of 19.13% and a return on equity of 10.28%.

Touchstone Exploration Price Performance

TSE:TXP opened at C$0.17 on Friday. Touchstone Exploration has a 52 week low of C$0.11 and a 52 week high of C$0.29. The stock’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.16. The company has a market capitalization of C$57.98 million, a P/E ratio of 5.50, a P/E/G ratio of 4.01 and a beta of -0.15. The company has a quick ratio of 0.69, a current ratio of 0.52 and a debt-to-equity ratio of 76.63.

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.