Touchstone Exploration Inc. (TSE:TXP) Senior Officer Christopher Scott Budau Sells 31,800 Shares

Touchstone Exploration Inc. (TSE:TXP – Get Rating) Senior Officer Christopher Scott Budau sold 31,800 shares of the stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of C$1.53, for a total value of C$48,654.00. Following the completion of the transaction, the insider now directly owns 627,577 shares in the company, valued at approximately C$960,192.81.

Christopher Scott Budau also recently made the following trade(s):

• On Monday, April 11th, Christopher Scott Budau sold 6,800 shares of Touchstone Exploration stock. The shares were sold at an average price of C$1.53, for a total value of C$10,404.00.

TXP stock traded down C$0.04 during trading hours on Tuesday, reaching C$1.43. 182,360 shares of the stock were exchanged, compared to its average volume of 177,329. The firm’s 50-day moving average is C$1.45 and its 200-day moving average is C$1.76. The company has a market cap of C$301.35 million and a price-to-earnings ratio of 43.24. The company has a debt-to-equity ratio of 48.17, a current ratio of 1.33 and a quick ratio of 1.22. Touchstone Exploration Inc. has a 12 month low of C$1.18 and a 12 month high of C$2.65.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a C$200.00 price objective on shares of Touchstone Exploration in a research report on Tuesday, January 11th.

About Touchstone Exploration (Get Rating)

Touchstone Exploration Inc, an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company has interests in various private exploration mineral leasing properties; and two exploration blocks.

Read More