Touchstone Exploration (TSE:TXP) Stock Passes Above Fifty Day Moving Average of $1.54

Touchstone Exploration Inc. (TSE:TXP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.54 and traded as high as C$1.55. Touchstone Exploration shares last traded at C$1.54, with a volume of 52,588 shares traded.

The firm has a market cap of C$322.48 million and a PE ratio of -77.00. The company has a quick ratio of 1.82, a current ratio of 1.89 and a debt-to-equity ratio of 12.59. The business has a 50-day moving average price of C$1.54.

In related news, Director Paul Raymond Baay sold 104,000 shares of the stock in a transaction dated Monday, June 28th. The stock was sold at an average price of C$1.36, for a total value of C$141,440.00. Following the completion of the transaction, the director now owns 1,612,346 shares of the company’s stock, valued at C$2,192,790.56. Also, Senior Officer Christopher Scott Budau sold 69,000 shares of the stock in a transaction dated Monday, June 28th. The shares were sold at an average price of C$1.36, for a total value of C$93,840.00. Following the completion of the transaction, the insider now directly owns 445,901 shares of the company’s stock, valued at approximately C$606,425.36. In the last quarter, insiders sold 235,500 shares of company stock valued at $333,405.

Touchstone Exploration Company Profile (TSE:TXP)

Touchstone Exploration Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Republic of Trinidad and Tobago. It has interests in a range of small undeveloped exploration properties; and three exploration blocks.

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