Touchstone Exploration (TSE:TXP) Hits New 1-Year Low – Time to Sell?

Touchstone Exploration Inc. (TSE:TXP)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$0.35 and last traded at C$0.37, with a volume of 254790 shares trading hands. The stock had previously closed at C$0.39.

Touchstone Exploration Stock Performance

The company has a market capitalization of C$62.21 million, a price-to-earnings ratio of -7.07, a PEG ratio of 4.01 and a beta of 0.70. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.83 and a quick ratio of 0.69. The company’s 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.49.

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.