Touchstone Exploration Inc.

Touchstone Exploration Inc.verified

TXP.TO

Price:

$0.59

Market Cap:

$100.42M

Touchstone Exploration Inc., an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company has interests in various private exploration mineral leasing properties; and two exploration blocks. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc. in May 2014. Touchstone Exploration Inc. was incorporated in 2012 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1997-03-31

Stock Exchange

TSX

Ticker

TXP.TO

The Current Ratio as of November 2024 (TTM) for Touchstone Exploration Inc. (TXP.TO) is 0.88

According to Touchstone Exploration Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.88. This represents a change of 24.52% compared to the average of 0.71 of the last 4 quarters.

Touchstone Exploration Inc. (TXP.TO) Historical Current Ratio (quarterly & annually)

How has TXP.TO Current Ratio performed in the past?

The mean historical Current Ratio of Touchstone Exploration Inc. over the last ten years is 1.13. The current 0.88 Current Ratio has changed 7.70% with respect to the historical average. Over the past ten years (40 quarters), TXP.TO's Current Ratio was at its highest in in the March 2021 quarter at 1.89. The Current Ratio was at its lowest in in the September 2023 quarter at 0.56.

Quarterly (TTM)
Annual

Average

1.13

Median

1.04

Minimum

0.75

Maximum

1.79

Touchstone Exploration Inc. (TXP.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Touchstone Exploration Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 93.40%

Maximum Annual Current Ratio = 1.79

Minimum Annual Increase = -88.07%

Minimum Annual Current Ratio = 0.75

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.75-39.29%
20221.23-7.35%
20211.33-25.63%
20201.7993.40%
20190.9311.91%
20180.83-41.68%
20171.4235.01%
20161.051.25%
20151.045.73%
20140.98-88.07%

Touchstone Exploration Inc. (TXP.TO) Average Current Ratio

How has TXP.TO Current Ratio performed in the past?

The current Current Ratio of Touchstone Exploration Inc. (TXP.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.10

5-year avg

1.21

10-year avg

1.13

Touchstone Exploration Inc. (TXP.TO) Current Ratio vs. Peers

How is TXP.TO’s Current Ratio compared to its peers?

Touchstone Exploration Inc.’s Current Ratio is less than Headwater Exploration Inc. (1.53), less than Gear Energy Ltd. (0.95), less than Canacol Energy Ltd (0.97), less than InPlay Oil Corp. (1.00), greater than Gran Tierra Energy Inc. (0.75),

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