Touchstone Exploration (TSE:TXP) Share Price Passes Below 200-Day Moving Average of $1.25

Touchstone Exploration Inc. (TSE:TXPGet Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.25 and traded as low as C$1.12. Touchstone Exploration shares last traded at C$1.18, with a volume of 64,001 shares changing hands.

Touchstone Exploration Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 45.45. The stock’s 50 day moving average price is C$1.20 and its two-hundred day moving average price is C$1.25. The firm has a market capitalization of C$248.66 million and a price-to-earnings ratio of 29.50.

Insiders Place Their Bets

In other news, Director John David Wright sold 67,000 shares of Touchstone Exploration stock in a transaction dated Monday, August 29th. The stock was sold at an average price of C$1.52, for a total transaction of C$101,840.00. Following the completion of the sale, the director now directly owns 5,143,326 shares in the company, valued at approximately C$7,817,855.52. Insiders have sold a total of 284,234 shares of company stock valued at $436,688 in the last three months.

Touchstone Exploration Company Profile

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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.

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