Touchstone Exploration (TSE:TXP) Shares Down 18.2%

Touchstone Exploration Inc (TSE:TXP) shares traded down 18.2% on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18, 203,750 shares traded hands during trading. An increase of 43% from the average session volume of 142,259 shares. The stock had previously closed at C$0.22.

The company has a market capitalization of $35.35 million and a price-to-earnings ratio of -40.00. The company’s 50-day moving average price is C$0.23 and its two-hundred day moving average price is C$0.26. The company has a debt-to-equity ratio of 33.08, a current ratio of 1.13 and a quick ratio of 1.08.

Touchstone Exploration (TSE:TXP) last released its quarterly earnings data on Wednesday, August 14th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$12.99 million for the quarter. On average, equities research analysts expect that Touchstone Exploration Inc will post 0.02 EPS for the current fiscal year.

About Touchstone Exploration (TSE:TXP)

Touchstone Exploration Inc primarily engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc in May 2014.

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