Touchstone Exploration (TSE:TXP) Reaches New 52-Week Low – Here’s Why

Touchstone Exploration Inc. (TSE:TXP) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 517600 shares changing hands. The stock had previously closed at C$0.54.

Touchstone Exploration Stock Performance

The firm has a market cap of C$125.31 million, a price-to-earnings ratio of -6.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70. The company has a 50 day moving average price of C$0.58 and a 200 day moving average price of C$0.58. The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.69 and a current ratio of 0.88.

About Touchstone Exploration

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.