Touchstone Exploration (TSE:TXP) Shares Climb 8.8% – Here’s What Happened

Shares of Touchstone Exploration Inc. (TSE:TXP) rose 8.8% during mid-day trading on Tuesday. The stock traded as high as C$0.20 and last traded at C$0.18. 97,929 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 236,305 shares. The stock had previously closed at C$0.17.

Touchstone Exploration Price Performance

The stock has a 50-day moving average of C$0.17 and a 200 day moving average of C$0.15. The company has a market capitalization of C$86.02 million, a PE ratio of 4.88, a P/E/G ratio of 4.01 and a beta of -0.33. The company has a quick ratio of 0.69, a current ratio of 0.57 and a debt-to-equity ratio of 76.60.

Touchstone Exploration (TSE:TXP) last posted its quarterly earnings data on Friday, August 14th. The company reported C$0.01 earnings per share for the quarter. Touchstone Exploration had a return on equity of 13.03% and a net margin of 24.82%. The business had revenue of C$18.80 million for the quarter. Sell-side analysts anticipate that Touchstone Exploration Inc. will post 0.06 EPS for the current 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.