Touchstone Exploration (TSE:TXP) Shares Cross Below 200 Day Moving Average – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP)’s share price 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 Stock Down 2.2 %

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03. The stock has a market capitalization of C$107.58 million, a P/E ratio of -5.69, a P/E/G ratio of 4.01 and a beta of 0.70. The firm’s fifty day moving average is C$0.50 and its 200-day moving average is C$0.55.

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.