Touchstone Exploration (TSE:TXP) Trading 20.8% Higher

Touchstone Exploration Inc. (TSE:TXP)’s share price traded up 20.8% during mid-day trading on Friday . The stock traded as high as C$1.84 and last traded at C$1.80. 879,864 shares changed hands during mid-day trading, an increase of 245% from the average session volume of 254,862 shares. The stock had previously closed at C$1.49.

Separately, Cormark lowered their target price on shares of Touchstone Exploration from C$4.00 to C$3.00 and set a “na” rating for the company in a report on Monday, August 16th.

The company has a market cap of C$385.64 million and a PE ratio of 1,830.00. The company has a debt-to-equity ratio of 12.52, a quick ratio of 1.15 and a current ratio of 1.31. The stock’s 50-day simple moving average is C$1.48 and its 200 day simple moving average is C$1.65.

In related news, Director Paul Raymond Baay sold 104,000 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$141,440.00. Following the sale, the director now directly owns 1,612,346 shares of the company’s stock, valued at approximately 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 transaction of C$93,840.00. Following the completion of the sale, the insider now directly owns 445,901 shares in the company, valued at C$606,425.36.

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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