Touchstone Exploration (TSE:TXP) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Touchstone Exploration Inc. (TSE:TXPGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.55 and traded as low as C$0.45. Touchstone Exploration shares last traded at C$0.46, with a volume of 70,500 shares traded.

Touchstone Exploration Trading Down 2.2 %

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$105.21 million, a P/E ratio of -5.56, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The business’s 50 day moving average is C$0.50 and its 200-day moving average is C$0.55.

Touchstone Exploration Company Profile

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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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