Touchstone Exploration (TSE:TXP) Director Kenneth Richard Mckinnon Buys 865,000 Shares

Touchstone Exploration Inc. (TSE:TXP) Director Kenneth Richard Mckinnon acquired 865,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$103,800.00. Following the purchase, the director owned 1,891,888 shares of the company’s stock, valued at C$227,026.56. The trade was a 84.24% increase in their position.

Kenneth Richard Mckinnon also recently made the following trade(s):

• On Monday, November 17th, Kenneth Richard Mckinnon purchased 5,000 shares of Touchstone Exploration stock. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$600.00.

Touchstone Exploration Stock Performance

TSE:TXP opened at C$0.14 on Friday. The firm’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.25. The company has a market cap of C$45.46 million, a price-to-earnings ratio of -14.00, a PEG ratio of 4.01 and a beta of 1.22. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.69 and a current ratio of 0.83. Touchstone Exploration Inc. has a 52-week low of C$0.11 and a 52-week high of C$0.52.

Touchstone Exploration (TSE:TXP) last released its earnings results on Thursday, November 13th. The company reported C($0.01) earnings per share for the quarter. Touchstone Exploration had a negative return on equity of 19.06% and a negative net margin of 20.31%.The firm had revenue of C$13.81 million for the quarter. Equities research analysts anticipate that Touchstone Exploration Inc. will post 0.0647727 earnings per share 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.