Touchstone Exploration (TSE:TXP) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Touchstone Exploration Inc. (TSE:TXP) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.58 and traded as high as C$0.61. Touchstone Exploration shares last traded at C$0.60, with a volume of 150,375 shares.

Touchstone Exploration Trading Up 1.7 %

The company has a market capitalization of C$141.86 million, a P/E ratio of -7.50, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The business has a fifty day moving average price of C$0.58 and a 200 day moving average price of C$0.59. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 52.03.

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

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.