Touchstone Exploration (LON:TXP) Sets New 52-Week Low – Here’s What Happened

Touchstone Exploration Inc. (LON:TXP)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 22 ($0.28) and last traded at GBX 23.03 ($0.29), with a volume of 5812535 shares trading hands. The stock had previously closed at GBX 28.25 ($0.36).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a research report on Wednesday, November 13th.

Touchstone Exploration Trading Down 3.7 %

The stock has a 50-day simple moving average of GBX 31.28 and a 200 day simple moving average of GBX 31.85. The stock has a market capitalization of £52.37 million, a price-to-earnings ratio of -575.00 and a beta of 0.70.

About Touchstone Exploration

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.