Touchstone Exploration (TSE:TXP) Stock Passes Below Two Hundred Day Moving Average of $0.66

Touchstone Exploration Inc. (TSE:TXP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.66 and traded as low as C$0.60. Touchstone Exploration shares last traded at C$0.62, with a volume of 53,565 shares changing hands.

Touchstone Exploration Price Performance

The stock has a 50 day moving average of C$0.57 and a 200-day moving average of C$0.66. The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market cap of C$146.59 million, a PE ratio of -7.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

Touchstone Exploration (TSE:TXP) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.01 earnings per share for the quarter. Touchstone Exploration had a negative return on equity of 18.11% and a negative net margin of 27.43%. The business had revenue of C$14.42 million for the quarter. Equities analysts predict that Touchstone Exploration Inc. will post 0.0670455 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Christopher Scott Budau sold 55,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of C$0.55, for a total value of C$30,250.00. 10.88% of the stock is currently owned by insiders.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block and development production on four lease operatorship properties.