Touchstone Exploration (TSE:TXP) Trading Up 15% – What’s Next?

Touchstone Exploration Inc. (TSE:TXPGet Free Report) shares rose 15% during mid-day trading on Friday . The stock traded as high as C$0.46 and last traded at C$0.46. Approximately 94,154 shares were traded during trading, a decline of 9% from the average daily volume of 103,592 shares. The stock had previously closed at C$0.40.

Touchstone Exploration Stock Performance

The stock has a fifty day moving average price of C$0.55 and a 200 day moving average price of C$0.56. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 52.03. The firm has a market cap of C$101.66 million, a price-to-earnings ratio of -5.00, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

About Touchstone Exploration

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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.

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