Touchstone Exploration (LON:TXP) Sets New 52-Week Low - Should You Sell?

Shares of Touchstone Exploration Inc. (LON:TXP - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as GBX 19 ($0.25) and last traded at GBX 19.45 ($0.26), with a volume of 636229 shares traded. The stock had previously closed at GBX 19.75 ($0.26).

Analysts Set New Price Targets

TXP has been the topic of a number of research analyst reports. Shore Capital reissued a "house stock" rating on shares of Touchstone Exploration in a research note on Thursday, March 20th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 60 ($0.80) target price on shares of Touchstone Exploration in a research report on Thursday, March 20th.

Touchstone Exploration Price Performance

The firm has a market cap of £57.42 million, a price-to-earnings ratio of -6.53 and a beta of 0.70. The business has a fifty day simple moving average of GBX 21.48 and a 200 day simple moving average of GBX 25.45.

Touchstone Exploration Company Profile

Touchstone Exploration Inc is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. The Company's strategy is to leverage the Board's extensive oil recovery experience and capability to develop international onshore properties that create shareholder value. In Trinidad, the Company's interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad.