Touchstone Exploration (TSE:TXP) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Touchstone Exploration Inc. (TSE:TXP)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.16 and traded as high as C$0.18. Touchstone Exploration shares last traded at C$0.18, with a volume of 45,400 shares.

Touchstone Exploration Stock Performance

The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83. The stock has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.21. The stock has a market cap of C$56.83 million, a PE ratio of -17.50, a PEG ratio of 4.01 and a beta of 0.91.

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

Insider Buying and Selling at Touchstone Exploration

In other Touchstone Exploration news, Director Kenneth Richard Mckinnon bought 865,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$103,800.00. Following the completion of the transaction, the director owned 1,891,888 shares in the company, valued at C$227,026.56. The trade was a 84.24% increase in their ownership of the stock. 10.87% of the stock is owned by corporate insiders.

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.