Touchstone Exploration (TSE:TXP) Stock Price Down 6.5% – What’s Next?

Touchstone Exploration Inc. (TSE:TXP) fell 6.5% on Monday . The company traded as low as C$0.20 and last traded at C$0.22. 765,424 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 320,348 shares. The stock had previously closed at C$0.23.

Touchstone Exploration Stock Down 8.3%

The firm has a market cap of C$53.58 million, a price-to-earnings ratio of -16.50, a P/E/G ratio of 4.01 and a beta of 0.31. The firm’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.19. The company has a debt-to-equity ratio of 87.79, a current ratio of 0.59 and a quick ratio of 0.69.

Touchstone Exploration (TSE:TXP) last announced its quarterly earnings data on Tuesday, March 31st. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$10.66 million for the quarter. Touchstone Exploration had a negative return on equity of 4.62% and a negative net margin of 7.24%. As a group, sell-side analysts forecast that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current fiscal year.

Touchstone Exploration Company Profile

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.