Touchstone Exploration (TSE:TXP) Reaches New 1-Year Low – Here’s Why

Touchstone Exploration Inc. (TSE:TXP) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.52 and last traded at C$0.52, with a volume of 8587 shares. The stock had previously closed at C$0.53.

Touchstone Exploration Price Performance

The firm has a market cap of C$122.94 million, a PE ratio of -6.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The company has a debt-to-equity ratio of 52.03, a current ratio of 0.88 and a quick ratio of 0.69. The firm has a 50-day simple moving average of C$0.57 and a 200 day simple moving average of C$0.57.

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.