Touchstone Exploration (TSE:TXP) Reaches New 52-Week Low – Time to Sell?

Shares of Touchstone Exploration Inc. (TSE:TXP) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.41, with a volume of 244676 shares trading hands. The stock had previously closed at C$0.41.

Touchstone Exploration Stock Performance

The company has a 50 day moving average of C$0.56 and a 200 day moving average of C$0.57. 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$96.94 million, a price-to-earnings ratio of -5.13, a price-to-earnings-growth ratio of 4.01 and a beta of 0.70.

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.