Touchstone Exploration Inc. (TSE:TXP) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.67 and traded as low as C$1.44. Touchstone Exploration shares last traded at C$1.45, with a volume of 76,514 shares.
Separately, Cormark lowered their target price on Touchstone Exploration from C$4.00 to C$3.00 and set a “na” rating for the company in a research note on Monday, August 16th.
The company has a debt-to-equity ratio of 12.52, a current ratio of 1.31 and a quick ratio of 1.15. The stock has a market cap of C$305.56 million and a PE ratio of 1,450.00. The business has a 50 day moving average price of C$1.47 and a two-hundred day moving average price of C$1.67.
About Touchstone Exploration (TSE:TXP)
Touchstone Exploration Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Republic of Trinidad and Tobago. It has interests in a range of small undeveloped exploration properties; and three exploration blocks.
See Also: Quick Ratio
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