Touchstone Exploration (LON:TXP) Sets New 52-Week Low at $30.90

Touchstone Exploration Inc. (LON:TXPGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 30.90 ($0.39) and last traded at GBX 31.71 ($0.40), with a volume of 300700 shares. The stock had previously closed at GBX 31.75 ($0.40).

Wall Street Analyst Weigh In

A number of research firms recently commented on TXP. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 100 ($1.27) price objective on shares of Touchstone Exploration in a research note on Thursday, April 11th. Shore Capital restated a “house stock” rating on shares of Touchstone Exploration in a report on Wednesday, May 1st.

Read Our Latest Stock Analysis on Touchstone Exploration

Touchstone Exploration Price Performance

The stock has a market cap of £72.25 million, a price-to-earnings ratio of -616.00 and a beta of 0.76. The stock’s 50-day moving average is GBX 38.13 and its 200-day moving average is GBX 44.27.

About Touchstone Exploration

(Get Free Report)

Touchstone Exploration Inc engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. Its primary exploration focus is the Ortoire exploration block. The company was formerly known as Petrobank Energy and Resources Ltd.

Further Reading

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