Touchstone Exploration (TSE:TXP) Trading 11.4% Higher – Still a Buy?

Touchstone Exploration Inc. (TSE:TXP)’s share price was up 11.4% during mid-day trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 276,983 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 290,996 shares. The stock had previously closed at C$0.18.

Touchstone Exploration Trading Up 22.9%

The stock’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.20. The firm has a market capitalization of C$69.82 million, a PE ratio of -21.50, a P/E/G ratio of 4.01 and a beta of 0.91. The company has a debt-to-equity ratio of 87.79, a quick ratio of 0.69 and a current ratio of 0.59.

About Touchstone Exploration

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.