Stocks in play: Touchstone Exploration Inc

Reports its operating and financial results for the three months and year ended December 31, 2022. Unless otherwise stated, all financial amounts herein are rounded to thousands of United States dollars. The company recognized a net loss of $1,921,000 ($0.01 per basic share) in the quarter compared to net earnings of $6,514,000 ($0.03 per basic and diluted share) reported in the same period of 2021, principally driven by $6,323,000 of impairment reversals (net of tax) recorded on December 31, 2021. It also recognized a net loss of $3,197,000 ($0.01 per basic share) compared to net earnings of $5,719,000 ($0.03 per basic and diluted share) in 2021, primarily attributed to $6,323,000 in impairment reversals (net of tax) recognized in the prior year based on increased forecasted crude oil pricing. Touchstone Exploration Inc shares T.TXP are trading unchanged at $1.01.

Read:

• International Lithium Buyers Looking to South America to Fill Supply Gaps

• Race to Secure Critical EV Battery Metals Ahead of Chinese Dominance Fully Underway

• Help is on the Way as Rising Alzheimer’s Cases Highlight Urgency for New Treatments

• FDA’s Wave of Fast Track Designations Pushing Momentum in Healthcare Sector in 2023

• Interest in Gold Miners Increases as Bank Fiasco Causes Market to Seek Safe Haven Assets