Touchstone Exploration (TSE:TXP) Sets New 12-Month Low – Here’s What Happened

Touchstone Exploration Inc. (TSE:TXP) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 517600 shares traded. The stock had previously closed at C$0.54.

Touchstone Exploration Price Performance

The company has a market capitalization of C$125.31 million, a PE ratio of -6.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The business’s 50-day simple moving average is C$0.58 and its 200-day simple moving average is C$0.58. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03.

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.