Touchstone Exploration (TSE:TXP) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Touchstone Exploration Inc. (TSE:TXPGet Free Report) 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 changing hands.

Touchstone Exploration Price Performance

The company has a market cap of C$68.94 million, a P/E ratio of -7.84, a PEG ratio of 4.01 and a beta of 0.70. 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 company has a fifty day moving average price of C$0.42 and a two-hundred day moving average price of C$0.49.

About Touchstone Exploration

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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.

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