Touchstone Exploration (TSE:TXP) Issues Quarterly Earnings Results

Touchstone Exploration (TSE:TXP) released its quarterly earnings results on Friday. The company reported C$0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$18.80 million during the quarter. Touchstone Exploration had a net margin of 19.13% and a return on equity of 10.28%.

Touchstone Exploration Trading Up 6.5%

Shares of TXP traded up C$0.01 during trading hours on Friday, hitting C$0.17. 628,868 shares of the stock were exchanged, compared to its average volume of 269,611. Touchstone Exploration has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.29. The business has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.16. The firm has a market capitalization of C$57.98 million, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 4.01 and a beta of -0.15. The company has a debt-to-equity ratio of 76.63, a current ratio of 0.52 and a quick ratio of 0.69.

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.