Touchstone Exploration (TSE:TXP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Touchstone Exploration Inc. (TSE:TXP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.49 and traded as low as C$0.41. Touchstone Exploration shares last traded at C$0.41, with a volume of 9,863 shares trading hands.

Touchstone Exploration Trading Down 1.2 %

The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 42.94. The company has a 50-day moving average price of C$0.42 and a 200-day moving average price of C$0.49. The company has a market capitalization of C$68.94 million, a price-to-earnings ratio of -7.84, a P/E/G ratio of 4.01 and a beta of 0.70.

Touchstone Exploration Company Profile

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. The company was formerly known as Petrobank Energy and Resources Ltd.