Touchstone Exploration (TSE:TXP) Shares Break Above 50 Day Moving Average – What’s Next?

by · The Markets Daily

Shares of Touchstone Exploration Inc. (TSE:TXP – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$0.15 and traded as high as C$0.19. Touchstone Exploration shares last traded at C$0.18, with a volume of 96,278 shares trading hands.

Touchstone Exploration Trading Up 2.8%

The company has a debt-to-equity ratio of 76.60, a current ratio of 0.57 and a quick ratio of 0.69. The firm has a market capitalization of C$81.61 million, a PE ratio of 4.62, a price-to-earnings-growth ratio of 4.01 and a beta of 0.04. The business’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.16.

Touchstone Exploration (TSE:TXP – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported C$0.01 EPS for the quarter. Touchstone Exploration had a net margin of 24.82% and a return on equity of 13.03%. The firm had revenue of C$18.80 million during the quarter. As a group, analysts expect that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current fiscal year.

About Touchstone Exploration

(Get Free Report)

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.

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