Touchstone Exploration (TSE:TXP) Stock Price Passes Below 200-Day Moving Average of $1.67

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.

In other news, Director Paul Raymond Baay sold 104,000 shares of Touchstone Exploration stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of C$1.36, for a total value of C$141,440.00. Following the sale, the director now directly owns 1,612,346 shares in the company, valued at approximately C$2,192,790.56. Also, Senior Officer Christopher Scott Budau sold 69,000 shares of the firm’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of C$1.36, for a total value of C$93,840.00. Following the completion of the sale, the insider now directly owns 445,901 shares of the company’s stock, valued at approximately C$606,425.36.

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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