Touchstone Exploration (TSE:TXP) Shares Up 5.6% – What’s Next?

Touchstone Exploration Inc. (TSE:TXP)’s share price shot up 5.6% during mid-day trading on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.19. 131,000 shares changed hands during trading, a decline of 63% from the average session volume of 352,492 shares. The stock had previously closed at C$0.18.

Touchstone Exploration Price Performance

The company has a market capitalization of C$61.70 million, a price-to-earnings ratio of 4.75, a PEG ratio of 4.01 and a beta of -0.03. The company’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.18. The company has a current ratio of 0.61, a quick ratio of 0.69 and a debt-to-equity ratio of 61.54.

Touchstone Exploration (TSE:TXP) last released its quarterly earnings results on Tuesday, March 31st. The company reported C$0.06 earnings per share (EPS) for the quarter. Touchstone Exploration had a net margin of 23.53% and a return on equity of 14.13%. The company had revenue of C$10.66 million for the quarter. On average, equities research analysts predict that Touchstone Exploration Inc. will post 0.0647727 earnings per share for the current fiscal 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. 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.