Insider Buying: Touchstone Exploration (TSE:TXP) Director Buys C$103,800.00 in Stock

Touchstone Exploration Inc. (TSE:TXP) Director Kenneth Richard Mckinnon acquired 865,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of C$0.12 per share, with a total value of C$103,800.00. Following the completion of the acquisition, the director directly owned 1,891,888 shares of the company’s stock, valued at approximately C$227,026.56. This trade represents a 84.24% increase in their position.

Kenneth Richard Mckinnon also recently made the following trade(s):

• On Monday, November 17th, Kenneth Richard Mckinnon purchased 5,000 shares of Touchstone Exploration stock. The shares were bought at an average cost of C$0.12 per share, for a total transaction of C$600.00.

Touchstone Exploration Stock Performance

TSE:TXP opened at C$0.14 on Tuesday. The firm has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.25. Touchstone Exploration Inc. has a twelve month low of C$0.11 and a twelve month high of C$0.52. The company has a market capitalization of C$45.46 million, a P/E ratio of -14.00, a price-to-earnings-growth ratio of 4.01 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 42.94.

Touchstone Exploration (TSE:TXP) last released its earnings results on Thursday, November 13th. The company reported C($0.01) EPS for the quarter. Touchstone Exploration had a negative return on equity of 19.06% and a negative net margin of 20.31%.The firm had revenue of C$13.81 million during the quarter. As a group, research analysts expect that Touchstone Exploration Inc. will post 0.0647727 earnings per share 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.