Touchstone Exploration (TSE:TXP) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.60 and traded as low as C$0.56. Touchstone Exploration shares last traded at C$0.58, with a volume of 61,500 shares trading hands.

Touchstone Exploration Price Performance

The company has a debt-to-equity ratio of 52.03, a current ratio of 0.88 and a quick ratio of 0.69. The stock has a market capitalization of C$137.13 million, a price-to-earnings ratio of -7.25, a PEG ratio of 4.01 and a beta of 0.70. The stock’s 50 day simple moving average is C$0.58 and its 200-day simple moving average is C$0.60.

Touchstone Exploration (TSE:TXP) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$14.42 million during the quarter. Touchstone Exploration had a negative net margin of 27.43% and a negative return on equity of 18.11%. On average, analysts expect that Touchstone Exploration Inc. will post 0.0647727 EPS for the current fiscal year.

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